-The Table in the Above Figure Shows the Levels of Output

question 95

Multiple Choice

-The table in the above figure shows the levels of output resulting from different levels of inputs.Which of the following conclusions can be drawn from this information?

• A) Increasing returns to scale exist between 100 and 200 units of output.
• B) Constant returns to scale exist throughout all levels of production.
• C) Labor is subject to diminishing marginal productivity in the short run.
• D) No firm conclusions can be drawn.

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Definitions:

Left Hemisphere

The left side of the brain, typically associated with analytical tasks, language processing, and logical reasoning.

Language

A system of communication used by a particular community or country, consisting of written, verbal, or signed forms of communication.

Logical Thinking

The process of reasoning consistently and sensibly, using a structured and coherent approach to arrive at conclusions.

Reflex Behaviors

Automatic, involuntary, innate responses to stimulation.