Q1291
Consider the following combinations of inputs and outputs- Labour Capital Output 5 10 1 6 12 2 7 14 3 8 16 4 9 18 5 10 20 6 This production technology satisfies
Consider the following combinations of inputs and outputs-
This production technology satisfies
| Labour | Capital | Output |
| 5 | 10 | 1 |
| 6 | 12 | 2 |
| 7 | 14 | 3 |
| 8 | 16 | 4 |
| 9 | 18 | 5 |
| 10 | 20 | 6 |
A.
increasing returns to scale
B.
diminishing returns to scale
C.
constant returns to scale
AnswerD.
increasing returns initially, followed by decreasing returns to scale
Answer: Option C
Solution
Answer: Option C
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