A Production Function Exhibits Decreasing Returns to Scale When You

question 93

Multiple Choice

A production function exhibits decreasing returns to scale when you:

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