Multiple Choice
Assume a firm is using 10 units of capital and 10 units of labour to produce 10 widgets per hour.By doubling both inputs the result is a doubling of output.This firm is experiencing
A) diseconomies of scale.
B) decreasing returns.
C) increasing costs.
D) economies of scale.
E) constant returns to scale.
Correct Answer:
Verified
Correct Answer:
Verified
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