Question

Difference between Returns to a Factor and Returns to Scale (The word 'Returns' refers to change in the physical output of a Commodity.) with examples

Difference between Individual Supply Schedule and Market Supply Schedule with examples.

Difference between Individual Supply Curve and Market Supply Curve with examples.

Factors/Determinents of Supply.
Factors Affecting Individual Supply.
Market (Case) Supply.

Expertions to law of supply
Supply Function​

Answer 1

Answer:

here is your answer

Explanation:

In economics, returns to scale describe what happens to long-run returns as the scale of production increases, when all input levels including physical capital usage are variable (able to be set by the firm). The concept of returns to scale arises in the context of a firm's production function. It explains the long-run linkage of the rate of increase in output (production) relative to associated increases in the inputs (factors of production). In the long run, all factors of production are variable and subject to change in response to a given increase in production scale. While economies of scale show the effect of an increased output level on unit costs, returns to scale focus only on the relation between input and output quantities.