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AP Microeconomics
Unit 3 – Production, Cost, and the Perfect Competition Model
Topic 3.1
What does decreasing returns to scale imply?
Doubling inputs has no effect on output.
Production less than doubles when inputs are doubled.
Doubling inputs perfectly doubles output.
Production more than doubles when inputs are doubled.
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AP Microeconomics - 3.1 The Production Function
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Decreasing Returns to Scale
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About Us
About Fiveable
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Careers
Testimonials
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Terms of Use
Privacy Policy
CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
Request a Feature
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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