Which of the Following Production Functions Exhibits Constant Returns to Scale

question 101

Multiple Choice

Which of the following production functions exhibits constant returns to scale?

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Definitions:

Sensorimotor Stage

The first stage of Piaget’s theory of cognitive development, where infants learn about the world primarily through their sensory impressions and motor activities.

Preoperational

A stage in Piaget's theory of cognitive development where children, typically aged 2 to 7, are capable of symbolic thought but not yet of logical operations.

Formal-Operations

The stage of cognitive development in Piaget's theory, characterized by the ability to think about abstract and hypothetical situations.

Accommodation

A cognitive process described by Piaget in which existing mental schemas are modified or new schemas are created to incorporate new information.