Decreasing returns to scale implies ta if all factors of production are doubled, output will…

Decreasing returns to scale implies ta if all factors of production are doubled, output will be
  • A.
    More than doubled
  • B.
    Less than doubled
  • C.
    Doubled
  • D.
    Unchanged
  • E.
    Trebled
Correct Answer: Option B
Explanation
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