When a firm doubles its inputs and finds that its output has more than doubled, this is known as а. constant returns to scale b. a violation of the law of diminishing returns c. decreasing returns to scale d. increasing returns to scale

When a firm doubles its inputs and finds that its output has more than doubled, this is known as а. constant returns to scale b. a violation of the law of diminishing returns c. decreasing returns to scale d. increasing returns to scale

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter7: Proudction Costs

Section: Chapter Questions

Problem 4SQP

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Question

When a firm doubles its inputs and finds that its output has more than doubled, this is known
as
а.
constant returns to scale
b.
a violation of the law of diminishing returns
c. decreasing returns to scale
d. increasing returns to scale

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