For a Constant-Returns-To-Scale Production Function

question 8

Multiple Choice

For a constant-returns-to-scale production function,

• A)marginal costs are constant but the average cost curve has a U-shape.
• B)both average and marginal costs are constant.
• C)marginal cost has a U-shape; average costs are constant.
• D)both average and marginal cost curves are U-shaped.

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Definitions:

Sensory Interaction

The principle that different senses can influence and interact with each other, affecting how we perceive the world.

Aroma

A distinctive, often pleasant smell or fragrance.

Kinesthesis

The sense that detects body position, movement, and balance.

Middle Ear

The middle ear is the portion of the ear internal to the eardrum, and external to the oval window of the inner ear that contains three bones known as the ossicles, involved in transmitting sound from the outer ear to the inner ear.