What is meant by returns to scale?
Answers
Answered by
2
It's a situation when all factors of production are increased, and output increases at higher rate. It means if all inputs are doubled,output will also increase at the faster rate than double..
HOPE IT HELPS YOUTHANK YOU
HOPE IT HELPS YOUTHANK YOU
Answered by
8
Hi mate your answer is....
"The term returns to scales refers to the
changes in output as all factors change by the
same proportion. "
I hope it will help you....
⭐⭐⭐⭐⭐⭐⭐
"The term returns to scales refers to the
changes in output as all factors change by the
same proportion. "
I hope it will help you....
⭐⭐⭐⭐⭐⭐⭐
Anonymous:
Hi
hii
hw ar uh
f9
u from..
??
Similar questions