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Question Practice

In a production process, if doubling both inputs leads to an output greater than double, which kind of returns to scale is observed?

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MCQ_SA
CBSE
Class 12
Economics
Introductory Microeconomics
Production And Costs
Question Bank

In a production process, if do...

Single Answer MCQ
Q-00089446

In a production process, if doubling both inputs leads to an output greater than double, which kind of returns to scale is observed?

1

Constant Returns to Scale

2

Increasing Returns to Scale

3

Decreasing Returns to Scale

4

No Returns to Scale

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Q1.

What does the production function describe?

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Q2.

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Q3.

Which production function exhibits increasing returns to scale?

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Q4.

What is the marginal product of labor (MPL)?

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