Question 3 If a firm is able to double output when it doubles input, it has... Group of answer choices diminishing marginal product increasing returns to scale constant returns to scale decreasing returns to scale

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter7: Production, Costs, And Industry Structure
Section: Chapter Questions
Problem 28RQ: What shape of a long-run average cost curve illustrates economies of scale, constant returns to...
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Question 3

If a firm is able to double output when it doubles input, it has...

Group of answer choices
diminishing marginal product
increasing returns to scale
constant returns to scale
decreasing returns to scale
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