In the long run, a firm is said to be experiencing decreasing returns
In the long run, a firm is said to be experiencing decreasing returns to scale if a 10 percent increase in inputs results in
A) an increase in output from 100 to 110.
B) a decrease in output from 100 to 90.
C) an increase in output from 100 to 105.
D) a decrease in output from 100 to 85.
ANSWER
C
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