Assume a Firm Is Using 10 Units of Labour and 10

question 29

Multiple Choice

Assume a firm is using 10 units of labour and 10 units of capital and is producing 10 units of output per hour.Now both inputs are doubled,resulting in output rising to 18 units per hour.The firm is experiencing

• A)constant returns to scale.
• B)increasing returns to scale.
• C)decreasing returns to scale.
• D)economies of scale.
• E)decreasing costs.

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Definitions:

Emotional Well-being

A state where an individual experiences positive emotions, satisfaction with life, and a sense of purpose and meaning.

Trait

A characteristic or quality that distinguishes an individual, often referring to consistent patterns of thought, emotion, and behavior.

Hostility

An emotion or attitude characterized by bitterness, aggression, and a tendency to initiate conflict or react aggressively to challenges.

Trait Factor

An element or characteristic that contributes to the makeup of an individual's personality traits.