Which statement best describes the output if a production function has constant returns to scale? Doubling inputs will d
Posted: Sun Jun 05, 2022 4:21 pm
Which statement best describes the output if a production
function has constant returns to scale?
Doubling inputs will double output.
Doubling inputs will triple output.
Doubling inputs will increase output.
Doubling inputs will decrease output.
function has constant returns to scale?
Doubling inputs will double output.
Doubling inputs will triple output.
Doubling inputs will increase output.
Doubling inputs will decrease output.