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