Question: If a production function exhibits constant returns to scale, a . doubling all of the inputs doubles output b . doubling all of the inputs
If a production function exhibits constant returns to scale,
a doubling all of the inputs doubles output
b doubling all of the inputs more than doubles output due to the catchup effect
c doubling all of the inputs falls to double output due to diminishing returns
d doubling all of the inputs has absolutely no impact on output because output is constant
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