Scenario 17-1

question 112

Multiple Choice

Scenario 17-1.An economy's production form takes the form Y = AF(L,K,H,N) .
-Refer to Scenario 17-1.If the production function has the constant-returns-to-scale property,then it is possible that the specific form of the production function is

• A) Y = 4L + 2K + 3H + N
• B) Y = (L + K + H + N)/4
• C) Y =2
• D) Y = 4

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Definitions:

Social Facilitation

The tendency for individuals to perform differently when in the presence of others versus when alone, typically improving performance on simple or well-rehearsed tasks.

Compresence

The psychological or physical co-existence of individuals in the same place and time, enabling interaction or communication.

Social Loafing

The inclination of people to put in less effort while working as part of a team compared to when working individually.

Task Complexity

Refers to the degree of difficulty involved in completing a task, taking into account its various components and the effort required to execute it.