Economics · Returns to Scale
Increasing returns to scale refers to a situation where a given percentage increase in all inputs results in which of the following?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A more than proportionate increase in output✓
- 2A proportionate increase in output
- 3A less than proportionate increase in output
- 4A multi-proportionate increase in output
Correct answer
A more than proportionate increase in output
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