If Your Firm's Production Function Has Constant Returns to Scale,and

question 76

Multiple Choice

If your firm's production function has constant returns to scale,and if you double all your inputs,then your firm's productivity will

• A)not change.
• B)increase but not double.
• C)double.
• D)more than double.

---

Definitions:

Central Limit Theorem

A statistical theory that states that the distribution of sample means approximates a normal distribution as the sample size becomes larger.

Population Proportion

The proportion or percentage of a specific characteristic within the entire population.

Sample Proportion

The fraction or percentage of sample observations that belongs to a particular category or possesses a particular attribute.