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Explain returns to scale Related: Chapter 5 - Production function (Pa...
In economics, returns to scale and economies of scale are related but different concepts that describe what happens as the scale of production increases in the long run, when all input levels including physical capital usage are variable.
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Explain returns to scale Related: Chapter 5 - Production function (Part -1) - Chapter Notes, Micro Economics, Class 12?
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Explain returns to scale Related: Chapter 5 - Production function (Part -1) - Chapter Notes, Micro Economics, Class 12? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Explain returns to scale Related: Chapter 5 - Production function (Part -1) - Chapter Notes, Micro Economics, Class 12? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Explain returns to scale Related: Chapter 5 - Production function (Part -1) - Chapter Notes, Micro Economics, Class 12?.
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