If the proportionate change in output is less than the change in-09434
If the proportionate change in output is less than the change in input, it shows:
This multiple choice question (MCQ) is related to the book/course
vu eco404 Managerial Economics.
It can also be found in
vu eco404 Final Term - Quiz No.7.
If the proportionate change in output is less than the change in input, it shows:
Constant returns to scale
Increasing returns to scale
Decreasing returns to scale
Economies of scale
