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Question Practice

When examining production functions, what signifies constant returns to scale?

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

When examining production func...

Single Answer MCQ
Q-00089425

When examining production functions, what signifies constant returns to scale?

1

Output changes less than inputs

2

Output changes equal to input changes

3

Output changes more than inputs

4

No change in output with increased inputs

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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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