If a Firm Doubles Its Usage of All Inputs and Output

question 70

Multiple Choice

If a firm doubles its usage of all inputs and output less than doubles,the production function
Is said to exhibit:

• A)increasing returns to scale.
• B)decreasing returns to scale.
• C)constant returns to scale.
• D)decreasing marginal returns to a fixed factor of production.

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Definitions:

GP 120

refers to a glycoprotein on the surface of the HIV virus that plays a crucial role in the virus's ability to infect host cells.

Macrophages

A kind of white blood cell that swallows and breaks down cell waste, foreign particles, microbes, and cancer cells through a process known as phagocytosis.

Helper T Cells

A type of white blood cell that plays a crucial role in the immune system by helping to activate and direct other immune cells.

Protein-coated

Describes particles or entities, such as viruses, that are encapsulated within a protective protein shell.