A Production with the Form Q = 150L

question 31

Multiple Choice

A production with the form Q = 150L^.75 K^.50 will have __________ in the long run.

• A) increasing returns to scale
• B) decreasing returns to scale
• C) constant returns to scale
• D) diminishing returns to the variable input

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Definitions:

Genital Stage

The final stage in Freud's psychosexual development theory, occurring from puberty onwards, focusing on mature sexual intimacy.

Defense Mechanism

Psychological strategies brought into play by individuals or the ego to protect against anxiety and to manage emotional conflict and stress.

Displacement

In physics, the movement of an object from one place to another or the volume displaced by an object in a fluid.

Repression

A defense mechanism where unpleasant thoughts, memories, or feelings are unconsciously excluded from awareness.