Suppose all inputs are increased by 30 and output increases by-08842
Suppose all inputs are increased by 30% and output increases by more than 30% in a production process. 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 Final Term - Quiz No.9.
Suppose all inputs are increased by 30% and output increases by more than 30% in a production process. This means that the firm experiences:
Decreasing returns to scale.
Constant returns to scale.
Increasing returns to scale.
None of the given options.
