If decreasing returns to scale are present then if all inputs are increased by 10% then :
A. output will also decrease by 10%
B. output will increase by 10%
C. output will increase by less than 10%
D. output will increase by more than 10%
Answer:C
If decreasing returns to scale are present then if all inputs are increased by 10% then :
A. output will also decrease by 10% B. output will increase by 10% C. output will increase by less than 10% D. output will increase by more than 10%