Increasing returns to scale (IRS) holds when a proportional increase in all inputs results in an increase in output by more than the proportion.

True

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False

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Solution

The correct option is A
True

True. Increasing returns to scale (IRS) holds when a proportional increase in all inputs results in an increase in output by more than the proportion.

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Increasing returns to scale (IRS) holds when a proportional increase in all inputs results in an increase in output by more than the proportion.

The correct option is A True True. Increasing returns to scale (IRS) holds when a proportional increase in all inputs results in an increase in output by more than the proportion.

The correct option is A
True

True. Increasing returns to scale (IRS) holds when a proportional increase in all inputs results in an increase in output by more than the proportion.