Because of Relatively Low Wages,private Security Officers Frequently Work Part-Time

question 11

True/False

Because of relatively low wages,private security officers frequently work part-time or have another primary job and use their security job wages to supplement their incomes.

---

Definitions:

Returns to Scale

The rate at which output increases as a result of proportionately increasing all inputs in the production process.

U.S. Carpet Industry

The sector of the United States economy that is involved in the manufacturing, distribution, and sale of carpets and rugs.

Large Firms

Companies that operate on a large scale, often characterized by significant market share, extensive operations, and substantial revenue.

Decreasing Returns

A situation in which the addition of more units of input results in the less-than-proportional increase in output.