If an Increase in Labour and Capital of 10 Per

question 35

Multiple Choice

If an increase in labour and capital of 10 per cent leads to output increasing by 20 per cent then, ceteris paribus, the economy is operating with:

• A) diseconomies of scale.
• B) decreasing returns to scale.
• C) constant returns to scale.
• D) increasing returns to scale.

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Definitions:

Subcutaneous Tissue

An underlying layer of tissue beneath the skin, consisting of fat and connective tissues that store energy and provide insulation.

Generic

Drugs that are equivalent to brand-name medications in dosage, strength, route of administration, quality, performance, and intended use but are sold under their chemical name.

Brand Name

A name given by the maker to a product or range of products, especially a trademark.

Formulation

The process of developing a specific mixture or structure, often for a pharmaceutical or chemical product.