Name the returns to scale when the output increases by more than 5%, for a 5% increase in the inputs,
A. Increasing returns to scale
B. Decreasing returns to scale
C. Constant returns to scale
D. All of the above
Answer:A
Name the returns to scale when the output increases by more than 5%, for a 5% increase in the inputs,
A. Increasing returns to scale B. Decreasing returns to scale C. Constant returns to scale D. All of the above