Economics · Theory of Production and Cost
When a proportional increase in all inputs results in an increase in output by a larger proportion, the production function is said to display ________.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1decreasing returns to scale
- 2increasing returns to scale✓
- 3constant returns to scale
- 4doubling returns to scale
Correct answer
increasing returns to scale
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