A-LevelEconomicsThe price system and the microeconomy9708/33 · May/June 2017 · Q51 Mark
When a firm increases all its inputs by 100%, its output increases by 50%.
- (a)When a firm increases all its inputs by 100%, its output increases by 50%. What does this illustrate? A decreasing returns to scale B economies of scale C the law of diminishing returns D the law of variable proportions[1]
Mark scheme
Marking points from the official mark scheme (May/June 2017). The mark or mark type is shown in brackets.
- [1] Answer: A
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