-Refer to the Graph Above to Answer This Question

question 21

Multiple Choice

-Refer to the graph above to answer this question.Between what output levels do constant returns to scale exist?

• A)Q₁ and Q₂.
• B)Q₁ and Q₃.
• C)Q₁ and Q₄.
• D)Q₁ and Q₅.
• E)Q₄ and Q₅.

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Definitions:

Productivity Variable

A factor that affects the efficiency and output rate of the production process or workforce.

Globalization

The method through which companies or various groups gain international impact or begin to function globally.

Industrialization

The process of developing industries in a country or region on a wide scale, typically characterized by a shift from agrarian to manufacturing and service-based economies.

Marketing

The activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.