Economy, asked by athovvvvvvvv, 6 days ago

How will you distinguish production with one variable input from production with two variable inputs? Does the difference between two techniques of production make any difference in the laws of production?

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Answered by marysherlin82
1

Answer:

The Laws of Returns to Scale: Production Function with two Variable Inputs! ... If by increasing two factors, say labour and capital, in the same proportion, output increases in exactly the same proportion, there are constant returns to scale.

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