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barxatty [35]
3 years ago
5

If bread is produced by using a constant returns to scale production function, then if the: A) number of workers is doubled, twi

ce as much bread will be produced. B) amount of equipment is doubled, twice as much bread will be produced. C) amounts of equipment and workers are both doubled, twice as much bread will be produced. D) amounts of equipment and workers are both doubled, four times as much bread will be produced
Business
1 answer:
nekit [7.7K]3 years ago
5 0

Answer: Option (C) is correct.

Explanation:

Constant returns to scale production function: When there is an increase in inputs (i.e capital and labor) as a result output increases by the same proportion.

For example: If the amounts of equipment and workers are both doubled in the production of bread then as a result the output of bread also doubled.

Suppose the capital and labor increases by 10% then as a result output also increases by 10%.

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Answer:

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Explanation:

Financial System

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7 0
3 years ago
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Answer:

$46.51

Explanation:

The weighted arithmetic mean can be defined as:

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3 years ago
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If marginal cost is greater than average cost, then
Alex777 [14]
Answer (Marginal costs)

The answer is marginal costs because they are the highest in the margin.

Hope this helps have a nice day :)
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