Solved

If a Firm's Output More Than Doubles When All Inputs

Question 29

Multiple Choice

If a firm's output more than doubles when all inputs are doubled, production is said to occur under conditions of


A) intra-industry equilibrium.
B) decreasing returns to scale.
C) imperfect competition.
D) increasing returns to scale.
E) constant returns to scale

Correct Answer:

verifed

Verified

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

Related Questions