If a Firm Doubles Its Usage of All Inputs,and Output

question 63

Multiple Choice

If a firm doubles its usage of all inputs,and output more than doubles,the production function is said to exhibit:

• A)increasing returns to scale.
• B)decreasing returns to scale.
• C)constant returns to scale.
• D)increasing marginal returns to a fixed factor of production.

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Definitions:

Workflow Pattern

A structured sequence of processes through which a piece of work passes from initiation to completion, often used to organize and improve business processes.

Technical Issues

Problems or challenges related to the practical aspects of designing, implementing, maintaining, or operating devices, machines, or software.

Service Mark

A trademark used in the United States to identify and protect the services provided by a business, rather than the goods it produces.

Brand Name

The distinctive title by which a product or company is known, often protected as a trademark.