If a Production Function Has Constant Returns to Scale, Then

question 24

True/False

If a production function has constant returns to scale, then if all inputs double so does production.

---

Definitions:

Driver Inspection Report

Driver Inspection Report is a document completed by vehicle operators to record the condition of their vehicle, noting any defects or maintenance needs to ensure safety and compliance.

Antifreeze Mixture

A solution, typically comprising water and ethylene glycol or propylene glycol, used in vehicle cooling systems to prevent freezing and overheating.

Standard Type 30

Often refers to a size or specification for parts such as brake chambers in commercial vehicles, indicating a common dimension or capacity.

Clamp-type Brake Chamber

A component of air brake systems commonly found on trucks and buses, using air pressure to apply the brakes.