Question: 17. If increasing every input by 5 percent raises output by 20 percent, then the production function: a. Exhibits increasing returns to scale. b. Exhibits

17. If increasing every input by 5 percent raises output by

17. If increasing every input by 5 percent raises output by 20 percent, then the production function: a. Exhibits increasing returns to scale. b. Exhibits decreasing returns to scale. c. Exhibits constant returns to scale. d. Exhibits technological improvement

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