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A Production Function Exhibits Increasing Returns to Scale If

Question 123

Multiple Choice

A production function exhibits increasing returns to scale if:


A) when you double one input, you double the output
B) when you double each input, you double the output
C) when you double each input, you less than double the output
D) when you double each input, you more than double the output
E) when you hold inputs constant, you double the output

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