explain the law of returns to scale
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The law of returns to scale explains the proportional change in output with respect to proportional change in inputs. In other words, the law of returns to scale states when there are a proportionate change in the amounts of inputs, the behavior of output also changes.
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The law of returns to sacle explains the proportional change in output with respect to proportional changes in inputs. In other words,the Law of returns to scale when there is a proportionate change in the amount of inputs,the behaviour of output also changes.
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