Constant Returns to Scale Is the Point on a Production

question 11

True/False

Constant returns to scale is the point on a production function where increasing inputs will no longer increase output.

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Definitions:

Synclines

geological features formed by the downward folding of rock layers, with younger rocks in the core of the fold.

Cleavage

The tendency of a mineral to break along flat, defined surfaces as a result of its crystal structure.

Axial Surfaces

Imaginary surfaces that divide a fold as evenly as possible, extending through the apex of each fold in stratified rock.

Folds

Structures formed by the bending and warping of rock layers under pressure during geological processes.