A Production Function Exhibits Constant Returns to Scale If

question 61

Multiple Choice

A production function exhibits constant returns to scale if:

• A) when you hold inputs constant, you double the output
• B) when you double each input, you more than double the output
• C) when you double each input, you less than double the output
• D) when you double one input, you double the output
• E) when you double each input, you double the output

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Definitions:

Corpus Luteum

Hormone-secreting structure that forms from follicle cells left behind after ovulation.

Ruptured Follicle

The process during ovulation where the mature ovarian follicle tears open to release an egg into the fallopian tube.

Progesterone

Sex hormone produced by ovaries; prepares a female body for pregnancy and helps maintain a pregnancy.

Estrogens

Sex hormones secreted by ovaries; function in reproduction and cause development of female secondary sexual characteristics.