Question
In the long run, a firm is said to be experiencing decreasing returns to scale if a 10 percent increase in inputs results in a.
In the long run, a firm is said to be experiencing decreasing returns to scale if a 10 percent increase in inputs results in
a. a decrease in output from 100 to 85.
b. an increase in output from 100 to 105.
c. a decrease in output from 100 to 90.
d. an increase in output from 100 to 110.
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The Routledge To Global Political Economy Conversations And Inquiries
Authors: Ernesto Vivares
1st Edition
1351064525, 9781351064521
