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Explain the concept of return to …

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Explain the concept of return to scale with the help of diagram.

    • Posted by Abhilasha Kumari 7 years, 9 months ago

    CBSE > Class 12 > Economics
    • 1 answers

    Priya Dubey 7 years, 9 months ago

    It is the concept of long run production function. Which passes through three phases I.e. 1) increasing return to factor 2) constant return. (When output and input inc.at same proportion ) ,3) diminishing retun to factor.( I hope it is useful for u )

    2Thank You

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