A firm with decreasing returns to scale can expect to produce [ more than, less than,exactly ]20% more output if it use
Posted: Mon Apr 25, 2022 8:06 am
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.
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.