A Firm That Doubles Its Use of Inputs to Produce

question 14

Multiple Choice

A firm that doubles its use of inputs to produce ______ output has constant returns to scale.

• A)twice as much
• B)three times as much
• C)50% more
• D)half the original

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Definitions:

Disjunction

A Boolean function that yields a true value when any one or more of its inputs are true.

Conjunction

A part of speech that connects words, phrases, or clauses within sentences.

Symbolize

To represent something abstract by a symbol or symbols.

X-rayed

The process of examining the internal structure of objects using X-rays.