If a Firm Triples Inputs and Produces Three Times the Output

question 22

Multiple Choice

If a firm triples inputs and produces three times the output, then there are

• A)constant returns to scale.
• B)diminishing marginal product.
• C)decreasing returns to scale.
• D)increasing returns to scale.

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Definitions:

Mineralogist

A scientist who specializes in the study of minerals, their composition, structure, properties, and the processes that lead to their formation.

Minerals

Naturally occurring, inorganic solids with a definite chemical composition and a crystalline structure, found in rocks and the Earth's crust.

Quartz

A hard, crystalline mineral composed of silicon and oxygen atoms, widely used in jewelry and electronics.

Halite

Also known as rock salt, a mineral form of sodium chloride (NaCl) that often occurs in evaporite deposits.