Doubling Only the Amount of L Available Under Constant Returns

question 4

Multiple Choice

Doubling only the amount of L available under constant returns to scale:

• A)less than doubles the output of the L-intensive commodity
• B)more than doubles the output of the L-intensive commodity
• C)doubles the output of the K-intensive commodity
• D)leaves the output of the K-intensive commodity unchanged

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Definitions:

Upper Quintiles

Refers to the top 20% of the population in terms of income distribution, often used in studies of social, economic, and wealth stratification.

Income

The income earned, particularly in consistent intervals, from employment or investment returns.

Upper Quintile

Refers to the top 20 percent of the population or distribution in terms of income, wealth, or another statistical measure.

Income

The financial earnings received by an individual or entity, typically in the form of wages, salaries, or investments.