To Get Increasing Returns to Scale Using the Production Function

question 37

Multiple Choice

To get increasing returns to scale using the production function , we need to replace total factor productivity with:

• A) more capital.
• B) the flow of ideas, A_t.
• C) the stock of ideas, A_t.
• D) the number 2.
• E) twice the factor productivity, .

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Definitions:

Instrumental Action Step

A practical and direct measure taken to achieve a desired outcome or to implement a particular plan.

Designates Time Frame

Specifies the period during which an event occurs or an action is supposed to take place.

Achievement of Goal

The successful accomplishment or attainment of a specified objective or target.

Task-Centered Model

A social work intervention model focusing on short-term tasks to bring about change, emphasizing the client's active role and problem resolution.