Question
In a production function with constant returns to scale, successive, equal increases in capital causes output to __________ a.increase at a decreasing rate b.remain constant.
In a production function with constant returns to scale, successive, equal increases in capital causes output to __________
a.increase at a decreasing rate
b.remain constant.
c.increase at a constant rate.
d.decrease.
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Environmental Economics
Authors: Stephen Smith
6th Edition
0199583587, 9780199583584
