Firm Beta finds that when it triples all of its inputs, output doubles. Firm Beta's production function exhibits: O A. diminishing marginal product O B. increasing returns to scale OC. decreasing returns to scale O D. constant returns to scale
Firm Beta finds that when it triples all of its inputs, output doubles. Firm Beta's production function exhibits: O A. diminishing marginal product O B. increasing returns to scale OC. decreasing returns to scale O D. constant returns to scale
Chapter11: The Firm: Production And Costs
Section: Chapter Questions
Problem 21P
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![Firm Beta finds that when it triples all of its inputs, output doubles. Firm Beta's
production function exhibits:
O A. diminishing marginal product
O B. increasing returns to scale
O C. decreasing returns to scale
O D. constant returns to scale](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8ab31bcf-aab1-48c8-94e4-6860de3eccf0%2F9e9cb7e7-360f-4d07-ac02-8a08f025eeda%2Fa7l8wjp_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Firm Beta finds that when it triples all of its inputs, output doubles. Firm Beta's
production function exhibits:
O A. diminishing marginal product
O B. increasing returns to scale
O C. decreasing returns to scale
O D. constant returns to scale
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