Solved

In a Particular Production Process, If the Quantities of All

Question 396

Multiple Choice

In a particular production process, if the quantities of all inputs used are increased by 60 percent, then the quantity of output increases by 60 percent as well. This means that


A) the production process cannot be enhanced by technological advances.
B) no mathematical representation of the relevant production function can be formulated.
C) the relevant production function has the limits-to-growth property.
D) the relevant production function has the constant-returns-to-scale property.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions