When the input is increased by 80%, output increases by 100%. This is known as¬
A. Increasing return to scale
B. Decreasing return to scale
C. Constant return to scale
D. None of these
Answer:A
When the input is increased by 80%, output increases by 100%. This is known as¬
A. Increasing return to scale B. Decreasing return to scale C. Constant return to scale D. None of these