Economics · Production and Costs
If in a production process all inputs are tripled, which of the following statements is/are correct regarding returns to scale? I. If the output is tripled, then decreasing returns to scale apply. II. When the output is doubled, constant returns to scale apply. III. If the output is more than tripled, then increasing returns to scale apply.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Only III✓
- 2I, II and III
- 3Only II
- 4Only I and II
Correct answer
Only III
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