If a Firm Doubles Its Usage of All Inputs,and Output

question 112

Multiple Choice

If a firm doubles its usage of all inputs,and output also doubles,the production function is said to exhibit:

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

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Definitions:

Folkways

Norms for routine or casual interaction that dictate social expectations and behaviors in everyday life.

Culturally Uniform

Refers to a society or group where members share similar cultural traits, including language, customs, values, and norms, leading to a homogenous community.

Culture Shock

The feeling of disorientation experienced by someone who is suddenly subjected to an unfamiliar culture, way of life, or set of attitudes.

Sapir and Whorf

Two linguists who proposed the Sapir-Whorf Hypothesis, suggesting that the structure of a language affects its speakers' world view or cognition.