Solved

If a Production Function Exhibits Constant Returns to Scale, Doubling

Question 17

Multiple Choice

If a production function exhibits constant returns to scale, doubling all of the inputs


A) more than doubles output due to the catch-up effect.
B) has absolutely no impact on output because output is constant.
C) less than doubles output due to diminishing returns.
D) doubles output.

Correct Answer:

verifed

Verified

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

Related Questions