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Question Practice

What does it mean when a production function exhibits Constant Returns to Scale (CRS)?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

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

What does it mean when a produ...

Single Answer MCQ
Q-00089441

What does it mean when a production function exhibits Constant Returns to Scale (CRS)?

1

Output increases less than proportionally to input increase

2

Output increases exactly proportionally to input increase

3

Output increases more than proportionally to input increase

4

Output remains constant regardless of input change

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Q1.

What does the production function describe?

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Q2.

If a production function exhibits constant returns to scale, which of the following is true?

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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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