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Economics
MEDIUM
ENGLISH
Economics
If a production function exhibits constant returns to scale ?
A
doubling all of the inputs more than doubles output due to the catch-up effect
Option A
B
doubling all of the inputs has absolutely no impact on output because output is constant
Option B
C
doubling all of the inputs less than doubles output due to diminishing returns
Option C
doubling all of the input’s doubles output
Correct answer
Correct answer: D
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