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According to the Diagram Below, Where Each Isoquant's Output Level

Question 96

Multiple Choice

According to the diagram below, where each isoquant's output level is marked to the right of the isoquant, production is characterized by According to the diagram below, where each isoquant's output level is marked to the right of the isoquant, production is characterized by A) decreasing returns to scale. B) constant returns to scale. C) increasing returns to scale. D) increasing, constant and decreasing returns to scale.


A) decreasing returns to scale.
B) constant returns to scale.
C) increasing returns to scale.
D) increasing, constant and decreasing returns to scale.

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