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When a firm doubles its inputs, outputs also double. The increase in output is exactly proportionate to the increase in inputs
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∙ 15y ago
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What is the symbolic meaning of sprengeri fern?
constant love
What is the meaning of hyperactive?
Having behavior characterized by constant overactivity
What is the meaning of bathroom scale?
The tool that you use to weigh yourself.
What is the root word of inconsistent?
From Inconstant Base: Constant- meaning a continuous manner. Prefix: In- meaning not. Inconsistent: something that is inconstant.
Getting the meaning of written or printed words also the amount shown on a scale of an instrument?
reading
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 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)
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
When a long-run average cost curve is flat the production process is subject to what?
constant returns to scale
What is the meaning of h in the planck's constant?
The meaning of h in the Planck's constant is the photon having a frequency of one unit in any scale.
What is the difference between diminishing returns and diseconomies of scale?
The principle of diminishing marginal returns to inputs is when more on one input is added, while other inputs are held constant, the marginal product of the input diminishes. Diseconomies of scale or decreasing returns to scale is when the a firm doubles its inputs, output increases by less than double. With diminishing returns, only one input is being changed while holding the other is fixed. But for decreasing returns, both inputs may change
If there are constant returns to scale what would the production function be written as?
Y/l = a f(1,k/l,h/l,n/l)
Distinguish between law of diminishing returns and laws of returns to scale?
The principle of diminishing returns to inputs is when more on one input is added, while other inputs are held constant, the marginal product of the input diminishes. Decreasing returns to scale is when the a firm doubles its inputs, output increases by less than double. With diminishing returns, only one input is being changed while holding the other is fixed. But for decreasing returns, both inputs may change
Rns to scale?
The principle of diminishing marginal returns to inputs is when more on one input is added, while other inputs are held constant, the marginal product of the input diminishes. Decreasing returns to scale is when the a firm doubles its inputs, output increases by less than double. With diminishing returns, only one input is being changed while holding the other is fixed. But for decreasing returns, both inputs may change
What is the meaning of side scale?
side scale meaning
When a firm experiences increasing returns to scale its?
AFC will decrease
