Question: Classify each statement as related to constant returns to scale (CRS), increasing returns to scale (IRS), or decreasing returns to scale (DRS). A. A 50

Classify each statement as related to constant returns to scale (CRS), increasing returns to scale (IRS), or decreasing returns to scale (DRS). A. A 50 percent increase in inputs results in a greater than 50 percent increase in outputs. A: B. A 50 percent increase in inputs results in a 50 percent increase in outputs. B: C. A 50 percent increase in inputs results in a less than 50 percent increase in outputs. C

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