Which of the Following Is One of the Premises of Political

question 36

Multiple Choice

Which of the following is one of the premises of political explanation?

• A) Important decisions are thought to stem from compromises made by a coalition
• B) Decisions are formally ratified by more than one individual before execution
• C) Decisions are suggested as options by many and then finally selected by one leader
• D) Decisions are considered unilateral exercises

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Definitions:

Returns to Scale

The change in output resulting from proportional change in all inputs (factors of production); can be increasing, constant, or decreasing.

Returns to Scale

The change in output resulting from a proportional change in all inputs (factors of production); it identifies whether increasing inputs leads to proportionate, more than proportionate, or less than proportionate changes in output.

Marginal Cost Curve

A graphical representation that shows how the cost of producing one more unit of a good varies as the quantity of production increases.

Average Cost Curve

A graphical representation that shows how the cost per unit of producing a good changes with changes in the volume of output.