A Production Function Exhibits Increasing Returns to Scale If

question 123

Multiple Choice

A production function exhibits increasing returns to scale if:

• A) when you double one input, you double the output
• B) when you double each input, you double the output
• C) when you double each input, you less than double the output
• D) when you double each input, you more than double the output
• E) when you hold inputs constant, you double the output

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