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    Business
  3. Study Set
    Managerial Economics and Strategy
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    Exam 5: Production
  5. Question
    If a Firm Triples Inputs and Produces Twice the Output
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If a Firm Triples Inputs and Produces Twice the Output

Question 12

Question 12

Multiple Choice

If a firm triples inputs and produces twice the output, then there are


A) constant returns to scale.
B) diminishing marginal product.
C) decreasing returns to scale.
D) increasing returns to scale.

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