If All Inputs Are Doubled and the Resulting Output Increases

question 40

Multiple Choice

If all inputs are doubled and the resulting output increases by less than a factor of two, the technology features

• A) increasing returns to scale
• B) decreasing returns to scale
• C) constant returns to scale

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Definitions:

Number

A mathematical object used to count, measure, and label.

Cumulative Frequency

The sum of frequencies accumulated up to a certain point in a data set.

Total Number

The aggregate or sum count of items or entities in a set or dataset.

Data Set

A collection of data, often presented in tabular form, consisting of variables and observed or measured values.