Decreasing Returns to Scale Production Functions Must Be Concave

question 14

True/False

Decreasing returns to scale production functions must be concave.

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Definitions:

Neutral Stimulus

A stimulus that initially produces no specific response other than focusing attention, until it is associated with an unconditioned stimulus.

Unconditioned Stimulus

In classical conditioning, a stimulus that unconditionally—naturally and automatically—triggers a response without any learning needed.

Behaviorism

An approach to psychology that emphasizes the study of observable behavior and the role of the environment and prior experience as determinants of behavior.

Psychoanalysis

A therapeutic approach founded by Sigmund Freud, focusing on unconscious processes and childhood experiences.