A firm with decreasing returns to scale can expect to produce [ more than, less than,exactly ]20% more output if it use

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answerhappygod
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A firm with decreasing returns to scale can expect to produce [ more than, less than,exactly ]20% more output if it use

Post by answerhappygod »

A firm with decreasing returns to scale can expect
to produce [ more than, less than,exactly ]20% more output if it uses 20% more inputs.
its production to decrease by [ more than,less than, exactly ]10%, if it cuts all inputs to 90% of their previous levels.
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