what is increasing return to scale ?
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hey !!
An increasing returns to scale occurs when the output increases by a larger proportion than the increase in inputs during the production process.
An increasing returns to scale occurs when the output increases by a larger proportion than the increase in inputs during the production process.
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So, Thé Answer Is => Increase in output that is proportionally greater than a simultaneous and equal percentage change in the use of all inputs, resulting in a decline in average costs.
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HoPe It's Help!!
So, Thé Answer Is => Increase in output that is proportionally greater than a simultaneous and equal percentage change in the use of all inputs, resulting in a decline in average costs.
#ThanKYou
#FollowMe
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