If doubling all inputs less than doubles the level of output, then the production function exhibits what type of returns to scale?
A)variable
B)increasing
C)decreasing
D)constant

Name: If doubling all inputs less than doubles the level of output, then the production function exhibits what type of returns to scale? A)variable B)increasing C)decreasing D)constant
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Question

Quizplus · Accepted Answer

If doubling all inputs results in less than double the output, the production function exhibits decreasing returns to scale.

If Doubling All Inputs Less Than Doubles the Level of Output