With the production function , if we double ________, we have an increasing returns production.

Question

With the production function  , if we double ________, we have an increasing returns production.

Quizplus · Accepted Answer

From the production function 11eab38d_0746_eae1_a5fb_43d9a67d5d96_TB6622_11, we can see that increasing the inputs of capital, labor, and ideas will result in an increase in output that is more than proportional. This means that doubling these inputs will more than double the output, indicating a production function with increasing returns to scale.

With the Production Function , If We Double ________