Name the returns to scale when the output increases by more than 5%, f – InterviewSolution

InterviewSolution

1.	Name the returns to scale when the output increases by more than 5%, for a 5% increase in the inputs.(a) Increasing returns to scale(b) Decreasing returns to scale(c) Constant returns to scale(d) All of the above
Answer» (a) Increasing returns to scale

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