Economy, asked by areebaauf, 5 hours ago

Why producer gets constant returns during production? Give at least three reasons to justify your answer? ​

Answers

Answered by rijawaqar786
5

Answer:

Constant returns to scale occur when the output increases in exactly the same proportion as the factors of production. In other words, when inputs (i.e. capital and labor) increase, outputs likewise increase in the same proportion as a result...

Similar questions