state gov BPSC Assistant Revenue & Accounts Officer Test Series 2025 General Knowledge Economy Microeconomics
If in a production process, all inputs are tripled, which of the following statements follows?
I. If the output is tripled, then decreasing returns to scale apply.
II. When the output is doubled, constant returns to scale apply.
III. If the output is more than tripled, then increasing returns to scale apply.
1
I and II
2
only II
3
only III
4
I and II