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results in lower levels of output and consumption than would prevail under free trade
What is the relation ship between total fixed cost and output?
is unknown
Returns to scale refer to a special relationship between output and input. During production, this relationship refers to the connection between the changes that occur with the output and those that began in the input.
yes
results in lower levels of output and consumption than would prevail under free trade
There need not be any relationship.
pie
What is the relation ship between total fixed cost and output?
A function.
is unknown
output and exports
Design
Relation
Function
Returns to scale refer to a special relationship between output and input. During production, this relationship refers to the connection between the changes that occur with the output and those that began in the input.
Watts is energy output. Watts is joules per second. Joules is energy.