If output more than doubles when all inputs are doubled,production is said to occur under conditions of
A)increasing returns to scale.
B)imperfect competition.
C)intraindustry trade.
D)interindustry trade.

Question

Quizplus · Accepted Answer

When output more than doubles when all inputs are doubled, it indicates that there are increasing returns to scale. This means that a larger scale of production leads to a proportionately greater increase in output.

If Output More Than Doubles When All Inputs Are Doubled,production