Decreasing returns to scale implies ta if all factors of production are doubled, output will be
Question 1 Report
Decreasing returns to scale implies ta if all factors of production are doubled, output will be
Answer Details
Decreasing returns to scale means that if all factors of production are increased by a certain proportion, the resulting output will increase by a proportion that is less than the increase in inputs. So, if there are decreasing returns to scale, doubling all factors of production would result in an increase in output that is less than double. Therefore, the answer is "less than doubled."
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