Question

In the long run, if inputs are increased by 10 percent and output increases by 20 percent, then __________ are said to exist. Group of answer choices economies of scale constant returns to scale diseconomies of scale diminishing marginal returns

Answer 1

If the inputs are increased by 10 percent and output increases by 20 percent, then economies of scale are said to exist in the long run. Therefore, Option A is the correct statement.

What do you mean by Economies to scale?

In microeconomics, economies of scale are the price benefits that organizations acquire because of their scale of operation and are commonly measured through the quantity of output produced.

Therefore, Option A is the correct statement.

Learn more about economies of scale here:

https://brainly.com/question/780900

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