Returns to Scale Refers to

question 36

Multiple Choice

Returns to scale refers to

• A)What happens to output when at least one input is fixed and one is varied
• B)What happens to output when all inputs are held fixed
• C)What happens to output when all inputs are varied in some proportion
• D)The law of diminishing returns

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Definitions:

Introspection

Observing and examining one's personal mental and emotional conditions.

Cognition

The process of learning and understanding that involves engaging the mind, going through experiences, and using the senses.

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The branch of linguistics that studies the meaning of words, their historical and psychological development, relationships, and applications.

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The set of structural rules governing the composition of clauses, phrases, and words in any given natural language.