12. If a firm doubles all inputs and this causes output to more than double, we can say that: A. The firm is experiencing constant returns to scale B. The firm is experiencing increasing returns to scale C. The firm is experiencing increasing marginal returns D. The firm is experiencing constant marginal returns

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Factors of Production

Factors of production – in simple words means the factors that are used for producing any product or service. This includes the resources which are necessary for the manufacturing of products. Factors of production are also known as the building blocks of the economy.