Figure 10-2 -If the Economy Is Characterized by Increasing Returns to Scale

question 42

Multiple Choice

Figure 10-2
-If the economy is characterized by increasing returns to scale, then a

• A) doubling of inputs will lead to a more than two-fold increase in output.
• B) a doubling of inputs will lead to a constant output.
• C) doubling of inputs will lead to a two-fold increase in output.
• D) doubling of inputs will lead to a less than two-fold increase in output.

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Definitions:

Subject Matter

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Specific Audience

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Cultural Change

The shift in the collective beliefs, behaviors, values, and norms of a group or society over time.

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