A Production Function Exhibits Decreasing Returns to Scale If

question 93

Multiple Choice

A production function exhibits decreasing returns to scale if:

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

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Definitions:

Macrosystem

A term in ecological systems theory referring to the cultural or societal context that influences an individual's development.

Maternal Leave

A period of absence from work granted to a mother before and after the birth of her child, also known as maternity leave.

Microsystem

The immediate environment in which an individual operates, such as family and school, which directly influences their development.

Ethological Approach

A perspective in psychology that studies human behavior by comparing it to animal behavior and considering its adaptiveness and evolutionary origins.