If Your Firm's Production Function Has Constant Returns to Scale

question 46

Multiple Choice

If your firm's production function has constant returns to scale and you increase all your inputs by 60%,then your firm's output will

• A)not change.
• B)increase,but by less than 60%
• C)increase by 60%
• D)increase by more than 60%.

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Definitions:

Hidden Agendas

Unstated or secret objectives that influence someone's actions or decisions, often at odds with their publicly stated goals.

Diversity

The inclusion of individuals from a wide range of backgrounds, identities, and experiences, contributing to a rich and varied community.

Decreased Acceptance

A reduction in the approval, agreement, or support for something or someone.

Team-Maintenance Role

A role within a group focused on maintaining positive relationships and team cohesion.