Constant returns to scale is the point on a production function where increasing inputs will no longer increase output.

Name: Constant returns to scale is the point on a production function where increasing inputs will no longer increase output.
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Question

Quizplus · Accepted Answer

Constant returns to scale occur when increasing all inputs by a certain proportion results in output increasing by the same proportion, not a point where increasing inputs will no longer increase output.

Constant Returns to Scale Is the Point on a Production