Returns to Scale Refers to the Change in Output When

question 108

Multiple Choice

Returns to scale refers to the change in output when

• A) all inputs increase proportionately.
• B) labor increases holding all other inputs fixed.
• C) capital equipment is doubled.
• D) specialization improves.

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Definitions:

Puff of Air

A stimulus often used in psychological experiments to trigger blink reflex or to study sensory processing.

Operant Conditioning

The mechanism of altering the intensity of a behavior by the strategic use of endorsements or reprimands.

Cognitive Learning

A style of learning that focuses on understanding, reasoning, problem-solving, and applying information rather than just memorizing facts.

Intelligence

The capacity for learning, reasoning, understanding, and similar forms of mental activity; aptitude in grasping truths, relationships, facts, meanings, etc.