The Production Function Q = 50K^0.25L^0.75 Exhibits

question 44

Multiple Choice

The production function Q = 50K^0.25L^0.75 exhibits

• A)increasing, then diminishing returns to scale.
• B)increasing returns to scale.
• C)decreasing returns to scale.
• D)constant returns to scale.
• E)negative returns to scale.

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Definitions:

Cognitive Decline

A gradual reduction in cognitive abilities, including memory, thinking, and judgment, often associated with aging.

Telomeres

The protective end caps of chromosomes that shorten with each cell division, playing a key role in cellular aging.

Longitudinal Study

A research method that studies the same participants over a period of time to observe changes or developments in a specific aspect.

Retested

The act of administering a test or evaluation again to the same subjects under the same conditions to verify the results.