A Production Function of the Form Q = 150L

question 22

Multiple Choice

A production function of the form Q = 150L^.75 K^.50 exhibits ______ 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:

Panic Disorder

A psychiatric disorder characterized by unexpected and repeated episodes of acute fear accompanied by physical symptoms.

Biological Challenge Test

A procedure used to produce panic in participants or clients by having them exercise vigorously or perform some other potentially panic-inducing task in the presence of a researcher or therapist.

Hyperventilate

The condition of breathing at an abnormally rapid rate, leading to decreased levels of carbon dioxide in the blood.

Rapid Heart Rate

A condition also known as tachycardia, where the heart unusually beats faster than normal, potentially signaling underlying health issues or responding to stressors.