Economy, asked by saikrishna7777, 7 months ago

Explain the concept of returns to scale.​

Answers

Answered by TheUnknownUser
23

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). ... A firm's production function could exhibit different types of returns to scale in different ranges of output.

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