The Term Constant Returns to Scale Refers To

question 35

Multiple Choice

The term constant returns to scale refers to:

• A)none of the below
• B)a situation where increasing all inputs by a multiple results in no change in the output
• C)a situation where increasing all inputs by a multiple results in the output being increased by more than that multiple
• D)a situation where increasing all inputs by a multiple results in the output being increased by the same multiple

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Definitions:

Primary Motivation

The principal or core reason that drives an individual or group to act or achieve certain goals.

Trip Planners

Tools or services that assist individuals in organizing travel itineraries and making reservations for lodging, transportation, and activities.

Flight Trackers

Refers to tools or applications that provide real-time information about the status of flights, including departure and arrival times, delays, and the current location of an aircraft.

Showrooming

Customers visit a store to touch, feel, and even discuss a product’s features with a sales associate, and then purchase it online from another retailer at a lower price.