If the Production Function of a Country Has Constant Returns

question 1

Multiple Choice

If the production function of a country has constant returns to scale and all input of the country has increased by 100 per cent, then its output would increase by:

• A) 200 per cent
• B) 100 per cent
• C) 1 per cent
• D) 0 per cent

---

Definitions:

Logical Incrementalism Model

is a strategic management approach suggesting that strategies should evolve gradually through a series of small, achievable steps, rather than through drastic, major changes.

Forces Inside

The internal drivers or motivations that influence an individual's actions or decisions.

Planned Change

Involves deliberate efforts to modify the operations, structure, or culture of an organization to achieve a specific goal or respond to external or internal pressures.

Neutral Zone

The second of three general steps in the acceptance of personal loss. The neutral zone is the area where “helplessness” and “bottoming out” take place. (See ending and beginning.)