Multiple Choice
Constant returns to scale (CRS) implies that ________.
A) increasing all the factor inputs by the same percentage lead to the same percentage increase in output
B) increasing all the factor inputs by the same percentage lead to a higher percentage increase in output
C) increasing all the factor inputs by the same percentage lead to a lower percentage increase in output
D) increasing all the factor inputs by the same percentage leaves output unchanged
E) none of the above
Correct Answer:

Verified
Correct Answer:
Verified
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