एक्सप्लेन द फॉलोइंग रिटर्न कांस्टेंट
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The term "returns to scale" refers to how well a business or company is producing its products. It tries to pinpoint increased production in relation to factors that contribute to production over a period of time.
Explanation:
Most production functions include both labor and capital as factors. How can you tell if a function is increasing returns to scale, decreasing returns to scale, or having no effect on returns to scale? The three definitions below explain what happens when you increase all production inputs by a multiplier.
Multipliers
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