What Is Meant by the Term "Increasing Returns to Scale

question 60

Multiple Choice

What is meant by the term "increasing returns to scale"?

• A)output rises proportionately less than inputs,increasing per unit cost of production in the short run
• B)output rises proportionately more than inputs,resulting in increasing per unit costs
• C)output rises proportionately more than inputs,resulting in lower per unit costs in the long run
• D)it has the same meaning as increasing costs of production
• E)it implies that the long-run average cost curve is shifting downward

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Definitions:

Neural Connections

The links between neurons in the brain that enable communication through neurotransmission.

Agility

The ability to move quickly and easily, often referring to physical coordination and the skill to change the body's position efficiently.

Pruned

In neuroscience, it refers to the process by which extra neurons and synaptic connections are eliminated to increase the efficiency of neuronal transmissions.

Neural Networks

Complex algorithms modeled on the human brain, used in artificial intelligence to simulate how humans learn.