If increasing returns to scale exist then an increase in, Microeconomics

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If increasing returns to scale exist then an increase in

If increasing returns to scale exist, then an increase in all inputs of five percent should:

1. Not affect output

2. Should increase output by less than five percent.

3. Should increase output by five percent.

4. Should increase output by more than five percent.

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Microeconomics: If increasing returns to scale exist then an increase in

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