Question

7. Discus the law of Returns to Scale
తరహాననుసరించి ప్రతిఫలాల సూత్రంను చర్చించుము​

Answer 1

Answer:

The law of returns operates in the short period. It explains the production behavior of the firm with one factor variable while other factors are kept constant. ... The law of returns to scale describes the relationship between variable inputs and output when all the inputs, or factors are increased in the same proportion.

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