Explain the term returns to scale, Microeconomics

Assignment Help:

An increase in the scale means that all inputs or factors are increased in a given proportion. Increase in the scale thus occurs when all factors or inputs are increased keeping factor proportions unaltered.  The study of changes in output as a consequence of change in the scale forms the subject – matter of retunes to scale.


Related Discussions:- Explain the term returns to scale

Examples of oligopolies abound, The U.S. automobile industry, the soft-drin...

The U.S. automobile industry, the soft-drink industry, the brewing industry, segments of the fast-food industry, and airplane manufacturers. Oligopoly will usually produce less tha

Balance of payments account, Balance of payments account: The foreign ...

Balance of payments account: The foreign exchange market is an organizational setting within which individuals, business firms, banks etc buy and sell foreign currency. It has

Evaluate the equilibrium price and quantity, Evaluate the equilibrium price...

Evaluate the equilibrium price and quantity (a) Find the equilibrium price and quantity (b) If government in trying to control the price of the good fixes the price at c550

Working with supply and demand , When you drop by the only coffee shop in y...

When you drop by the only coffee shop in your neighbourhood, you notice that the price of a cup of coffee has enhanced  considerably since last week.  You decide it's not a big dea

Demand function, Demand Function The function capturing the dependent ...

Demand Function The function capturing the dependent relationship between the price people are willing to pay for products or service and other factors related to that product

Assignment, state the law of downward sloping demand

state the law of downward sloping demand

What is explanatory research?, Explanatory research is research conducted i...

Explanatory research is research conducted in order to describe any behavior in the market. It could be done by using questionnaires, group discussions, random sampling,  interview

Assignment, Differentiate between oscillation and damp cobweb model

Differentiate between oscillation and damp cobweb model

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd