If All Resources Used in the Production of a Product

question 296

Multiple Choice

If all resources used in the production of a product are increased by 20 percent and output increases by 20 percent, then there must be

• A)economies of scale.
• B)diseconomies of scale.
• C)constant returns to scale.
• D)increasing average total costs.

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Definitions:

Germicide

A substance or agent that kills germs, especially pathogenic microorganisms.

Sporicide

An agent specifically formulated to kill spores, which are highly resistant forms of bacteria.

Ultrasonic Cleaning

A cleaning process that uses ultrasonic waves in a solution to remove dirt and contaminants from objects.

Delicate Instruments

Tools or devices designed with precision and care, often used in specialized fields like surgery or laboratory research.