Business Studies, asked by Divyansh49541, 8 months ago

Increasing retunrs to scale in early stages of production

Answers

Answered by rahularyan720

Explanation:

An increasing returns to scale occurs when the output increases by a larger proportion than the increase in inputsduring the production process. For example, if input is increased by 3 times, but output increases by 3.75 times, then the firm or economy has experienced anincreasing returns to scale.

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