Question:
Returns to Scale is related with:
Returns to Scale is related with:
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Returns to scale helps in understanding how firms can adjust their production processes in the long run.
Updated On: Nov 5, 2025
- Short period
- Long period
- Very short period
- None of the above
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The Correct Option is B
Solution and Explanation
Returns to scale refers to the changes in output when all inputs are increased proportionally. It is a long-term concept where all factors of production are variable.
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