Suppose That an Economy with Constant Returns to Scale Doubled

question 120

Multiple Choice

Suppose that an economy with constant returns to scale doubled its physical capital stock, doubled its available natural resources, and doubled its human capital, but kept the size of the labour force the same. How does the change in output compare to the change in productivity?

• A) Output would stay the same and so would its productivity.
• B) Output and productivity would increase, but by less than double.
• C) Output and productivity would increase by more than double.
• D) Output would increase by less than double, but productivity would double.

Recognize various diagnostic techniques and their purposes in respiratory medicine.

Identify symptoms and causes of major respiratory diseases.

Comprehend the anatomy and functions of the respiratory system.

Understand the importance and interpretation of arterial blood gases in respiratory conditions.

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Definitions:

Fixed Assets

Tangible assets that are held by an entity for long-term use and are not expected to be converted into cash in the short term.

Plug Variable

A financial modeling technique where an unknown variable is calculated by ensuring that multiple financial statements are in balance, often used to solve for desired financing or investment levels.

Pro Forma Statement

A financial statement based on hypothetical assumptions or projections, often used in planning and decision-making processes to forecast future financial positions or results.

Equity Financing

A method of raising capital for a company through the sale of shares in the company, thus giving shareholders ownership interests.