If Doubling the Quantity of Inputs More Than Doubles the Quantity

question 57

Multiple Choice

If doubling the quantity of inputs more than doubles the quantity of outputs, the firm is experiencing

• A) increasing returns to scale.
• B) decreasing returns to scale.
• C) constant returns to scale.
• D) increasing costs per unit of output.

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Definitions:

Lycopodiophyta

A division of vascular plants, also known as clubmosses, that are characterized by their leafy stems and cone-like structures.

Pteridophyta

Pteridophyta refers to a group of vascular plants that reproduce via spores and do not produce flowers or seeds, commonly known as ferns.

Anthocerophyta

A phylum of plants known as hornworts, characterized by a flat thallus and a sporophyte that resembles a long horn.

Bryophyta

A group of non-vascular plants comprised of mosses, liverworts, and hornworts, noted for their prevalent gametophyte stage.