All Else Equal,if There Are Diminishing Returns and Constant Returns

question 75

Multiple Choice

All else equal,if there are diminishing returns and constant returns to scale,then what happens to productivity if capital and labor both increase but capital increases by more?

• A)Productivity will definitely fall.
• B)Productivity will definitely be unchanged.
• C)Productivity will definitely rise.
• D)None of the above are necessarily correct.

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Definitions:

Customer Assessment

The evaluation of customer needs, satisfaction, and feedback to enhance products, services, and overall customer experience.

Specific Issues

Particular problems, challenges, or topics of interest that require distinct attention or solutions.

Clear Hypothesis

A concise and testable statement that predicts an outcome or explains a phenomenon in research or experimentation.

Futuring

The practice of exploring predictions and possibilities about the future, often based on trends and scenarios, to guide decision-making.