To an Astronaut in Orbit Around the Earth the Sky

question 2

Multiple Choice

To an astronaut in orbit around the earth the sky appears

• A) red.
• B) blue.
• C) white.
• D) black.

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Definitions:

Input

Resources that are used in the production process to create goods or services, such as labor, materials, and capital.

Returns To Scale

In production theory, the change in output resulting from a proportional change in all inputs; can be increasing, constant, or decreasing.

Input

Resources used in the production process of goods and services, including raw materials, labor, and capital.

Decreasing Returns

A concept in economics where each additional unit of input results in a progressively smaller increase in output, often observed in production processes.