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When a firm doubles its inputs and finds that its output has more than doubled, this isknown as:

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Question:

When a firm doubles its inputs and finds that its output has more than doubled, this isknown as:

A.

Economies of scale.

B.

Constant returns to scale.

C.

Diseconomies of scale.

D.

A violation of the law of diminishing returns.

Answer» a. Economies of scale.

Note: The above multiple-choice question is for all general and Competitive Exams in India.