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Write the economic term ratio of change in output and change in input(class 12economics)?
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Write the economic term ratio of change in output and change in input(...
In the long run all factors of production are variable and subject to change due to a given increase in size (scale). While economies of scale show the effect of an increased output level on unit costs, returns to scale focus only on the relation between input and output quantities.
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Write the economic term ratio of change in output and change in input(class 12economics)?
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Write the economic term ratio of change in output and change in input(class 12economics)? for Economics 2024 is part of Economics preparation. The Question and answers have been prepared according to the Economics exam syllabus. Information about Write the economic term ratio of change in output and change in input(class 12economics)? covers all topics & solutions for Economics 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Write the economic term ratio of change in output and change in input(class 12economics)?.
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