If the Economy Is Characterized by Increasing Returns to Scale,then

question 94

Multiple Choice

If the economy is characterized by increasing returns to scale,then a

• A)doubling of inputs will lead to a more than two-fold increase in output.
• B)doubling of inputs will lead to a constant output.
• C)doubling of inputs will lead to a two-fold increase in output.
• D)doubling of inputs will lead to a less than two-fold increase in output.

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