Constant Returns to Scale Refers to a Situation That When

question 14

Multiple Choice

Constant returns to scale refers to a situation that when capital and labor both double,

• A) output more than doubles
• B) output less than doubles
• C) output just doubles
• D) output does not change

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Definitions:

Under-reward Inequity

A situation in which an individual perceives that the rewards received are less than the rewards deserved for their efforts, leading to dissatisfaction.

Instrumentality

The belief that performance is directly linked to the attainment of desired outcomes or rewards.

Self-concordance

The degree to which individuals’ goals align with their personal interests and core values, leading to greater motivation and satisfaction.

Benevolents

Individuals who are inclined to perform acts of kindness or charity, often motivated by a genuine desire to help others.