Constant Returns to Scale (CRS)implies ________

question 58

Multiple Choice

Constant returns to scale (CRS) implies ________.

• A)constant returns to labor
• B)constant returns to capital
• C)increasing marginal products
• D)variable total factor productivity
• E)diminishing marginal products

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Definitions:

Negligence Action

A legal claim brought against someone who fails to take reasonable care, resulting in harm or damage to another person.

Reasonable Person

A legal standard used to determine how an average person would responsibly act in certain circumstances for the purpose of establishing negligence.

Insurance Agents

Persons acting on behalf of an insurer to handle policies.

Principals

A term referring to the main parties involved in a business or agreement.