мса 32If production conditions are such that a 10% increase in both the labour and capital inputs leads to a 5% increase in output, the production function is said to exhibit:Aunexhausted economies of scaleincreasing returns to scaleC increased capital intensitydecreasing returns to scaleEI do not want to answer this question.constant returns to scale

Production function shows the combinations of inputs that can be used to produce the output.

мса 32 If production conditions are such that a 10% increase in both the labour and capital inputs leads to a 5% increase in output, the production function is A unexhausted economies of scale increasing returns to scale C increased capital intensity decreasing returns to scale E I do not want to answer this question. constant returns to scale

мса 32 If production conditions are such that a 10% increase in both the labour and capital inputs leads to a 5% increase in output, the production function is A unexhausted economies of scale increasing returns to scale C increased capital intensity decreasing returns to scale E I do not want to answer this question. constant returns to scale

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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