Constant returns to scale implies:
A) as the amount of labor and capital doubles the resulting output remains the same.
B) as the amount of labor and capital doubles the resulting output more than doubles.
C) as the amount of labor and capital doubles the resulting output doubles.
D) as the amount of labor and capital doubles the resulting output increases by a very small amount.
E) None of the above.

Question

Quizplus · Accepted Answer

The Answer is C

Constant Returns to Scale Implies