If a Firm's Production Process Exhibits Increasing Returns to Scale

question 139

Multiple Choice

If a firm's production process exhibits increasing returns to scale, then doubling all the firm's inputs will lead output to ________.

• A)double.
• B)more than double.
• C)less than double.
• D)fall by one-half.

---

Definitions:

Proximal Design

Design strategies that focus on near-term, achievable goals or outcomes in the development of educational programs or projects.

Declarative Knowledge

Involves understanding factual information, principles, and concepts that individuals can articulate and recall.

Training Effectiveness

The measure of how successfully a training program achieves its intended outcomes and objectives.

Mental Ability

The capacity to learn, reason, understand, and similar forms of mental activity; aptitude in grasping truths, relationships, facts, meanings, etc.