If There Are Constant Returns to Scale, Then Doubling the Amount

question 19

True/False

If there are constant returns to scale, then doubling the amount of any input will exactly double the amount of output.

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Definitions:

Quantity Supplied

The total amount of a good or service that producers are willing and able to sell at a certain price level within a specific time period.

Saccharin

An artificial sweetener used as a sugar substitute, known for being calorie-free.

Aspartame

An artificial, low-calorie sweetener used in many soft drinks and food products as a sugar substitute.

Low-calorie

Describes food or beverages that contain a smaller amount of calories than what is considered typical or average.