In the Long Run,a Firm Is Said to Be Experiencing

question 3

Multiple Choice

In the long run,a firm is said to be experiencing decreasing returns to scale if a 10 percent increase in inputs results in

• A)an increase in output from 100 to 110.
• B)a decrease in output from 100 to 90.
• C)an increase in output from 100 to 105.
• D)a decrease in output from 100 to 85.

---

Definitions:

Occupational Segregation

The distribution of people across and within occupations and jobs, influenced by factors like gender, race, and education, often leading to inequality.

Efficient Allocation

The optimal distribution of resources in an economy, ensuring that these resources are used in a way that maximizes the net benefit to society.

Ethnic Groups

Communities of people who share common cultural characteristics, ancestral ties, and social experiences.

Government Programs

Initiatives or plans undertaken by a government to address social, economic, or environmental issues, which may involve legislation, services, or funding.