An Aggregate Production Function Exhibits Constant Returns to Scale When

question 110

Multiple Choice

An aggregate production function exhibits constant returns to scale when a 1% increase in labour input

• A)produces a 1% increase in output.
• B)along with a 1% increase in capital produces the same amount of output.
• C)along with a 1% increase in capital produces 1% more output.
• D)along with a 1% decrease in capital produces the same amount of output.
• E)induces a 1% increase in capital input.

---

Definitions:

Testes

The testes are the male reproductive glands that produce sperm and the hormone testosterone.

Penis

A male reproductive organ that serves both sexual intercourse and the urinary system functions.

Puberty

The developmental stage in adolescents during which they attain sexual maturity and become capable of reproduction.

Secondary Sex Development

Refers to the physical changes that occur during puberty not directly related to reproductive organs, such as the development of breasts in females and facial hair in males.