If you double input, ouput doubles.

What will be an ideal response?

Ans: Constant returns to scale

Economics

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The average level of effective protection has exceeded 300% for which of the following countries?

(a) Pakistan and Uruguay. (b) Argentina and Brazil. (c) Philippines and Mexico. (d) India and China.

Economics

The price elasticity of demand for a demand curve that has a zero slope is

A) zero. B) one. C) negative but approaches zero as consumption increases. D) infinity.

Economics