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:

Cultural Values

The core principles and ideals upon which a society or community is founded, shaping beliefs, behaviors, and norms.

Office Space

The physical area designated for work-related activities, which can influence productivity, satisfaction, and organizational culture.

Organizational Culture

The shared values, beliefs, and practices that shape the social and psychological environment of an organization, influencing its members' behavior and attitudes.

Rituals

Established sequences of activities involving gestures, words, actions, or objects, performed according to set sequences and intended to influence or symbolize a value or belief within a culture or organization.