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If inputs are increased by 10 percent and output increases by 20 percent, then _

ID: 2506139 • Letter: I

Question

  1. If inputs are increased by 10 percent and output increases by 20 percent, then __________ are said to exist. a. economies of scale b. constant returns to scale c. diminishing marginal returns d. diseconomies of scale
If inputs are increased by 10 percent and output increases by 20 percent, then __________ are said to exist. a. economies of scale b. constant returns to scale c. diminishing marginal returns d. diseconomies of scale If inputs are increased by 10 percent and output increases by 20 percent, then __________ are said to exist. economies of scale constant returns to scale diminishing marginal returns diseconomies of scale a. economies of scale b. constant returns to scale c. diminishing marginal returns d. diseconomies of scale

Explanation / Answer

If inputs are increased by 10 percent and output increases by 20 percent, then __________ are said to exist.




is the right answer


b. constant returns to scale
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