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

Survey Of Economics
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ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter6: Proudction Costs
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If an increase of an equal percentage in all factors of production increases output by the same percentage, then a production function has the
property called:
Select one:
a. constant marginal product of labour
cross out
b. increasing marginal product of labour
cross out
C. constant returns to scale
cross out
d. increasing returns to scale
cross out
e. decreasing returns to scale
cross out
O O
Transcribed Image Text:If an increase of an equal percentage in all factors of production increases output by the same percentage, then a production function has the property called: Select one: a. constant marginal product of labour cross out b. increasing marginal product of labour cross out C. constant returns to scale cross out d. increasing returns to scale cross out e. decreasing returns to scale cross out O O
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