Question

diffrentiate
between return to factor and returns scale
​

Answer 1

Explanation:

The difference between returns to a variable factor and returns to scale are summed up as below: (i) In the former (returns to a variable factor) only one factor is changed keeping other factors fixed whereas in the latter (returns to scale), all the factors are changed in the same proportion.

Answer 2

Answer:

Difference. The difference between returns to a variable factor and returns to scale are summed up as below: (i) In the former (returns to a variable factor) only one factor is changed keeping other factors fixed whereas in the latter (returns to scale), all the factors are changed in the same proportion.

Explanation:

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