![Mcqmate logo](https://mcqmate.com/public/images/logos/logo-black.png)
![Mcqmate logo](https://mcqmate.com/public/images/logos/logo-white.png)
McqMate
Q. |
If all resources used in the production of a product are increased by 20 percent and output increases by 20 percent, then there must be: |
A. | Economies of scale. |
B. | Diseconomies of scale. |
C. | Constant returns to scale. |
D. | Increasing average total costs. |
Answer» C. Constant returns to scale. |
View all MCQs in
Micro Economics 1No comments yet