If,as a Result of Doubling All Its Inputs,a Firm Can

question 8

Multiple Choice

If,as a result of doubling all its inputs,a firm can more than double its output,the firm's production function exhibits

• A)constant returns to scale.
• B)increasing returns to scale.
• C)decreasing returns to scale.
• D)increasing marginal productivity to at least one input.

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Definitions:

Entitativity

The property of a group that makes it seem like a coherent, distinct and unitary entity.

Social Facilitation

The tendency for individuals to perform differently when in the presence of others than when alone, typically enhancing performance on simple tasks and impairing it on complex tasks.

Audience Effects

Impact of the presence of others on individual task performance.

Competition

Competition is a situation where individuals or groups vie for the same objective, such as a resource or recognition, which may not be sufficient to be shared.