menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Intermediate Microeconomics
  4. Exam
    Exam 6: Production
  5. Question
    If,as a Result of Doubling All Its Inputs,a Firm Can
Solved

If,as a Result of Doubling All Its Inputs,a Firm Can

Question 8

Question 8

Multiple Choice

If,as a result of doubling all its inputs,a firm can more than double its output,the firm's production function exhibits


A) constant returns to scale.
B) increasing returns to scale.
C) decreasing returns to scale.
D) increasing marginal productivity to at least one input.

Correct Answer:

verifed

Verified

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

Related Questions

Q3: The production function <span class="ql-formula"

Q4: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2264/.jpg" alt="

Q5: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2264/.jpg" alt=" With a quadratic

Q6: A fixed-proportion production function has isoquants that

Q7: Suppose electricity (E)can be produced with coal

Q9: The marginal rate of technical substitution of

Q10: The marginal physical product of labor is

Q11: A firm is defined as<br>A)a president,some vice

Q12: If Q = K<sup>1/3</sup>L<sup>2 </sup>the MP<sub>L</sub> is<br>A)constant<br>B)diminishing<br>C)increasing

Q13: If Q = K<sup>1/3</sup>L<sup>2</sup> the MP<sub>K</sub> is<br>A)constant<br>B)diminishing<br>C)increasing

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines