When labor is doubled and capital is tripled, a firm's output increases 2.5 times. Which of the following is true? O We need more information to determine the degree of returns to scale of this firm's production function. This firm's production function must exhibit increasing returns to scale. This firm's production function must exhibit decreasing returns to scale. This firm's production function must exhibit constant returns to scale.

When labor is doubled and capital is tripled, a firm's output increases 2.5 times. Which of the following is true? O We need more information to determine the degree of returns to scale of this firm's production function. This firm's production function must exhibit increasing returns to scale. This firm's production function must exhibit decreasing returns to scale. This firm's production function must exhibit constant returns to scale.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter12: The Cost Of Production

Section: Chapter Questions

Problem 2CQQ

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I need the asnwer of g