-Refer to Table 7

question 130

Multiple Choice

-Refer to Table 7.2 to answer this question.Assume that technology and the price of inputs remain unchanged.If the firm builds a bigger plant and all of its inputs exactly double,what will be its output at economic capacity in the new plant under conditions of constant returns to scale?

• A)Exactly 800.
• B)Exactly 1,000.
• C)More than 500 but less than 1,000.
• D)More than 1,000.

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Definitions:

Repeated Measures

A research design in which the same participants are measured multiple times under different conditions.

Null Hypotheses

A hypothesis that suggests there is no statistical significance in a given set of observations.

Multivariate ANOVA

A statistical technique used to assess the differences among group means when there are two or more dependent variables.