If Your Firm's Production Function Has Constant Returns to Scale,and

question 76

Multiple Choice

If your firm's production function has constant returns to scale,and if you double all your inputs,then your firm's productivity will

• A)not change.
• B)increase but not double.
• C)double.
• D)more than double.

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Definitions:

Employee Turnover

The rate at which employees leave a company and are replaced by new employees, which can indicate company health and employee satisfaction.

Compensation System

A structured plan designed by organizations to pay employees, which may include wages, salaries, bonuses, and benefits.

Telecommuting

A work arrangement in which employees do not commute to a central place of work, often working from home or a location close to home.

Employee Owners

Individuals who hold ownership stakes in the company they work for, often through stock options or an employee stock ownership plan (ESOP).