The Returns to Scale Characteristic of a Production System

question 15

Multiple Choice

The returns to scale characteristic of a production system:

• A) is measured by the way in which inputs can be varied in an unbroken marginal fashion rather than incrementally.
• B) illustrates the distinct, or "lumpy," pattern of input combination.
• C) shows the relation between output and the variation in all inputs.
• D) is the relation between output and variation in only one of the inputs employed.

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Definitions:

Johnson's Farm

A specific farm, possibly named after its owner or founder, known for agriculture, produce, or livestock.

Correct Verb

The use of an appropriate action word in its proper tense, form, and context within a sentence.

Activities

Activities are tasks, actions, or pursuits that individuals engage in, often for purposes of recreation, learning, or achieving a particular goal.

Correct Verb

Utilization of a verb that accurately expresses the action or state of being applicable to the subject in a sentence.