The Production Function Exhibits Increasing Returns to Scale When a Firm

question 90

Multiple Choice

The production function exhibits increasing returns to scale when a firm can increase production by more than a proportionate increase in _____.

• A)costs
• B)one input
• C)all inputs
• D)a fixed input

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Definitions:

Hostage Situation

An event in which individuals are held against their will by an abductor with demands usually pertaining to money, political statements, or safe passage.

Hostage Taker

An individual who seizes and holds people against their will, typically to demand ransom or fulfill other conditions.

Suicidal

Pertaining to having the intention or displaying tendencies towards self-harm that could lead to one's death.

Alarm

A device or signal for warning or alerting to danger, or the state of being suddenly aware of potential or imminent danger.