Solved

If an Increase of an Equal Percentage in All Factors

Question 67

Multiple Choice

If an increase of an equal percentage in all factors of production results in an increase in output of the same percentage, then a production function has the property called:


A) constant marginal product of labor.
B) increasing marginal product of labor.
C) constant returns to scale.
D) increasing returns to scale.

Correct Answer:

verifed

Verified

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

Related Questions