A Production Function Exhibits Increasing Returns to Scale If

question 123

Multiple Choice

A production function exhibits increasing returns to scale if:

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

Describe the concept of the Malthusian trap and its relevance to population studies.

Analyze urban development and life styles in different types of cities and the socio-economic phenomena such as gentrification and suburbanism.

Understand the primary challenges and filters affecting sociological research.

Identify and explain the concepts of reliability, validity, and generalizability in research.

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Definitions:

Separate Legal Personality

The legal principle that a corporation or certain other entities exist independently of their shareholders or members, capable of owning property, incurring debt, suing, and being sued.

Significant Results

Outcomes or findings that are notably impactful, meaningful, or exceed expected benchmarks, often used in the context of research, projects, or performance evaluations.

Corporation

A legal entity that is separate and distinct from its owners, offering limited liability to its shareholders.

Closely Held Corporations

Corporations in which there are relatively few shareholders; referred to as non-distributing corporations in some jurisdictions.