If as a result of 90 per cent increase in all inputs, the output increase by 75 per cent this is a case of
(a) Increasing return of a factor
(b) Decreasing return of a factor
(c) Diminishing returns to scale
(d) None of the above
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If as a result of 90 per cent increase in all inputs, the output increase by 75 per cent this is a case of
(a) Increasing return of a factor
(b) Decreasing return of a factor
(c) Diminishing returns to scale
(d) None of the above
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(a) Increasing return of a factor
(b) Decreasing return of a factor
(c) Diminishing returns to scale
(d) None of the above
[te
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option c
Explanation:
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