Decreasing Returns to Scale Is a Feature of a Technology

question 36

True/False

Decreasing returns to scale is a feature of a technology that is such that, when all inputs are increased by a fixed multiple λ, output increases by less than that multiple.

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Definitions:

Group Attractiveness

This refers to the perceived desirability of belonging to a particular group, influenced by factors like the group's status, achievements, and camaraderie.

Similarity Of Members

The degree to which individuals in a group or team share common characteristics, experiences, or backgrounds.

Social Capital

The networks, relationships, and norms that facilitate collective action and contribute to the social and economic effectiveness of a society or group.

Strong Relationships

Connections between individuals or entities characterized by trust, mutual respect, and often a long history of working or being together.