In a production process all inputs are increased by 10 but-09058
In a production process, all inputs are increased by 10%; but output increases more than 10%. This means that the firm experiences:
This multiple choice question (MCQ) is related to the book/course
vu eco401 Economics.
It can also be found in
vu eco401 Mid Term - Quiz No.11.
In a production process, all inputs are increased by 10%; but output increases more than 10%. This means that the firm experiences:
Decreasing returns to scale.
Constant returns to scale.
Increasing returns to scale.
Negative returns to scale.
