You Bake Cookies

question 34

Multiple Choice

You bake cookies.One day you double the time you spend,double the number of chocolate chips,flour,eggs,and all your other inputs,and bake twice as many cookies.Your cookie production function has

• A)decreasing returns to scale.
• B)zero returns to scale.
• C)constant returns to scale.
• D)increasing returns to scale.

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Definitions:

Klutzes

Describes persons who are clumsy, often making mistakes or causing accidents in a somewhat comical or endearing way.

Personal Hygiene

Practices and habits that are intended to care for one's bodily health and well-being, through cleanliness.

Macroeconomics

A branch of economics dealing with the structure, performance, behavior, and decision-making of an economy as a whole, rather than individual markets.

Marginal Products

The additional output that is produced as a result of adding one more unit of a particular input while holding other inputs constant.