write a brief note on returns to scale.
Answers
Answered by
4
An increasing return to scale occurs when the output increases by a large proportion than increases in outputs during the production process. For example, if input is increases 3 times but the output increases by 3.75 times, then the firm or economy has experienced and increasing returns to scale.
Please mark as brainlest answer and please follow me.❤️❤️❤️❤️❤️❤️
Similar questions