Law of returns to scale studies how production changes when all factors of production are varied simultaneously and in the same proportion.
a)True
b)False
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7
Answer:
true......
Explanation:
don't depend on this ans,as I'm not sure
Answered by
0
Explanation:
False
correct ans-Constant returns to scale or constant cost refers to the production situation in which output increases exactly in the same proportion in which factors of production are increased. In simple terms, if factors of production are doubled output will also be doubled.
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