Constant Returns to Scale Means That,given Any Constant X >

question 44

Multiple Choice

Constant returns to scale means that,given any constant x > 0

• A) xzF(xK, xNd)= zF(xK, xNd).
• B) xzF(xK, xNd) > zF(xK, xNd).
• C) xzF(xK, xNd) < zF(xK, xNd).
• D) xzF(xK, xNd) = zxF(K, Nd).

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Definitions:

Construct Validity

The degree to which a test or instrument accurately measures the theoretical construct or variable it is intended to measure.

Predictive Validity

The extent to which a test's scores accurately forecast or correlate with future behavior, performance, or outcomes.

Concurrent Validity

The degree to which the results of a particular test or measurement correlate with those of a previously validated measure taken at the same time.

Content Validity

The extent to which a test measures all aspects of the content it's intended to cover.