Solved

If a Firm Triples Inputs and Produces Twice the Output

Question 100

Multiple Choice

If a firm triples inputs and produces twice the output, then there are


A) constant returns to scale.
B) no returns to scale.
C) decreasing returns to scale.
D) increasing returns to scale.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q71: Unlike indifference curves,isoquants can intersect.

Q83: -The above figure</p></div><svg width=

Q84: -The above figure</p></div><svg width=

Q89: -The table in</p></div><svg width=

Q99: Decreasing returns to scale may occur because

Q102: Let the production function be q =

Q103: If production function q1 = f(L, K),

Q104: Neutral technical progress allows a firm to
A)produce

Q105: Let the production function be q =

Q117: Show that increasing returns to scale can

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents