MCQOPTIONS
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| 1. |
When a firm doubles its inputs and finds that its output has more than doubled, this is known as: |
| A. | Economies of scale. |
| B. | Constant returns to scale. |
| C. | Diseconomies of scale. |
| D. | A violation of the law of diminishing returns. |
| Answer» B. Constant returns to scale. | |