Identify the True Statement

question 4

Multiple Choice

Identify the true statement.

• A)Decreasing returns to scale and diminishing marginal returns are just two different ways of saying the same thing.
• B)Returns to scale pertains to the impact on output of increasing all inputs simultaneously; diminishing marginal returns pertains to the impact of changing a single input while holding all other inputs constant.
• C)Returns to scale pertains to the impact on output of changing a single input while holding all other inputs constant; diminishing marginal returns pertains to the impact on output of increasing all inputs simultaneously.
• D)Returns to scale can be identified by calculating the slope of an isoquant.

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