Constant Returns to Scale (CRS)implies That ________

question 41

Multiple Choice

Constant returns to scale (CRS) implies that ________.

• A)increasing all the factor inputs by the same percentage lead to the same percentage increase in output
• B)increasing all the factor inputs by the same percentage lead to a higher percentage increase in output
• C)increasing all the factor inputs by the same percentage lead to a lower percentage increase in output
• D)increasing all the factor inputs by the same percentage leaves output unchanged
• E)none of the above

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Definitions:

Evolutionary Perspective

A theoretical approach that studies human behavior, mind, and society through the lens of evolution and natural selection.

Bias

A tendency to have a partial perspective or preference towards something, often leading to unfair judgement or discrimination.

Bystander Effect

A social psychological phenomenon where individuals are less likely to help a victim when other people are present, often due to diffused responsibility.

Nature of Groups

The characteristics, dynamics, and processes that define how groups are formed, function, and dissolve.