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What else can I help you with?
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.
Getting the meaning of written or printed words also the amount shown on a scale of an instrument?
reading
What is meaning of sinter?
Dross, as of iron; the scale which files from iron when hammered; -- applied as a name to various minerals.
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
What is homogeneous and non homogeneous production function?
A homogeneous production function exhibits constant returns to scale, meaning that doubling all inputs leads to an exactly doubled output. A non-homogeneous production function does not exhibit constant returns to scale and shows varying output levels when inputs are changed.
What does constant returns to scale mean in the context of economics and production processes?
Constant returns to scale in economics and production processes means that when all inputs are increased by a certain percentage, the output also increases by the same percentage. This implies that the production process is efficient and there are no diminishing or increasing returns as more resources are added.
When a long-run average cost curve is flat the production process is subject to what?
constant returns to scale
What does the constant returns to scale graph illustrate in terms of production efficiency and output levels?
The constant returns to scale graph shows that as production increases, output levels also increase proportionally. This indicates that production efficiency remains constant as output levels grow, resulting in a linear relationship between input and output.
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
