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Difference between returns to scale and constant return to scale?
differentiate between returns to scale and constant return to scale
Define constant returns to scale?
My loose definition of constant returns to scale:Constant returns to scale occur when a given increase in output is brought about by the same proportional increase in returns.
What is the law of returns to scale?
THE LAW OF RETURNS TO mean that law in which we study about the different period of the production in which increasing , decreasing , and constant returns to scale is studied
What is large scale industry and what are the problems of large scale industry?
huge profit then large competitions ect.....
When a firm experiences increasing returns to scale its?
AFC will decrease
Difference between returns to scale and constant return to scale?
differentiate between returns to scale and constant return to scale
What are the Types of Returns to scale?
Economies of scale (costs decrease), diseconomies of scale (costs increase), constant returns to scale (costs stay the same)
Define constant returns to scale?
My loose definition of constant returns to scale:Constant returns to scale occur when a given increase in output is brought about by the same proportional increase in returns.
What is the law of returns to scale?
THE LAW OF RETURNS TO mean that law in which we study about the different period of the production in which increasing , decreasing , and constant returns to scale is studied
What are the examples of large scale industry?
example of large scale industry
How many types of industries are there?
There are three types of industry. They are cottage and small-scale industry medium and large-scale industry tourist industry
Why does the industry use explsion welding?
I am not aware of anyone using that method on industrial scale
How small scale industry help large scale industry?
it provies raw materials for other large scale industries
What is the difference between a cottage industry and a small-scale industry?
A cottage industry typically involves individuals working from their homes, producing goods on a small scale. In contrast, a small-scale industry involves a small business entity that operates on a slightly larger scale than a cottage industry, often employing a small number of people and having a formal workspace.
What are the Advantages of large scale industry in Nigeria?
In large scale industry the goodes will get in cheap rate
How do i start a large scale industry?
You can start a large scale industry if you have adequate financial outlay.
What is the maximum capital investment in small scale industry?
maximum investment allowed for small scale industry
