Returns to scale depicts the relationship of an impact on output when there is a change
a)In all inputs simultaneously
b)None of the above
c)In all inputs simultaneously and in different proportion
d)In all inputs simultaneously and in same proportion
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Answer:
option D) in all inputs simultaneously and in same proportion.
Explanation:
Returns to scale depicts the relationship of an impact on output when there is a change in all inputs simultaneously and in same proportion.
change in scale can also be described as change in size to change in scale we change input in some proportion and that proportion should be same for all inputs.
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