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प्रश्न
What do you understand by increasing (decreasing) returns to scale?
लघु उत्तरीय
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उत्तर
Increasing (decreasing) returns to scale occur when output rises by a greater (lesser) proportion than the increase in all inputs. For example, if all inputs are doubled and output increases by more (less) than double, it indicates increasing (decreasing) returns to scale.
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