With the Production Function

question 16

Multiple Choice

With the production function
,if we double __________,we have a constant returns production.

• A)capital
• B)capital,labor,and the stock of ideas
• C)capital and the stock of ideas
• D)capital and labor
• E)labor and the stock of ideas

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Definitions:

Chess Expert

An individual with a high level of skill and knowledge in the game of chess, often recognized through rankings or achievements.

Well-Played Games

Games or sports matches where all participants display a high level of skill, strategy, and adherence to fair play, often leading to enjoyable and competitive entertainment.

Haphazard Way

A manner of doing something that lacks organization, planning, or direction, often leading to unpredictable results.

Sunk Cost Effect

The decision-making bias where people continue an endeavor once an investment in money, effort, or time has been made, regardless of the current costs outweighing the benefits.