UGC NET
Ritu Asked a Question
May 25, 2020 12:54 pmpts 30 pts
  • UGC NET
  • Economics

Question match the mathematical representation of increasing returns to sale choices choice (4 f(tx 1, tx 2)<. fx1.x2) f(tx 1, tx 2) = t. f(xa. x2) f(lx1, tx 2)

Question Match the mathematical representation of increasing returns to sale Choices CHOICE (4 f(tx 1, tx 2)<. fx1.X2) f(tX 1, tX 2) = t. f(xa. X2) f(LX1, tx 2) > t. f(r1.a2) a. b. C. d. None of the above Subser
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  • Nidhi taparia Best Answer
    The correct answer is c. Returns to scale means how much does the output change when both inputs are changed in the same proportion. For example, if inputs are doubled and output...
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