Does It Make Sense to Consider the Returns to Scale

question 20

Multiple Choice

Does it make sense to consider the returns to scale of a production function in the short run?

• A) Yes, this is an important short-run characteristic of production functions.
• B) Yes, returns to scale determine the diminishing marginal returns of the inputs.
• C) No, returns to scale is a property of the consumer's utility function.
• D) No, we cannot change all of the production inputs in the short run.

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