If an increase of an equal percentage in all factors of production increases output by the same percentage, then a production function has th property called: Select one: a. constant marginal product of labour b. increasing marginal product of labour cr C. constant returns to scale cro d. increasing returns to scale cro e. decreasing returns to scale
If an increase of an equal percentage in all factors of production increases output by the same percentage, then a production function has th property called: Select one: a. constant marginal product of labour b. increasing marginal product of labour cr C. constant returns to scale cro d. increasing returns to scale cro e. decreasing returns to scale
Chapter6: Proudction Costs
Section: Chapter Questions
Problem 3SQP
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