site two reason for increasing returns to scale in short run production function?
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Its main reasons are under-stated:
- Its main reasons are under-stated:Economies of Large Scale: Initially, as we employ more and more units of variable factors with fixed factors, productivity of both the factors increases. ...
- Elastic Supply: ...
- Elastic Supply: ... Division of Labour: ...
- Elastic Supply: ... Division of Labour: ... More Use of Machinery: ...
- Elastic Supply: ... Division of Labour: ... More Use of Machinery: ... Innovation: ...
- Elastic Supply: ... Division of Labour: ... More Use of Machinery: ... Innovation: ... Less Impact of Nature: ...
- Elastic Supply: ... Division of Labour: ... More Use of Machinery: ... Innovation: ... Less Impact of Nature: ... Man is Supreme
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Answer:
the reason is if increse the prduction in large scale we make big profot
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