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What is meant by increasing returns to scale? - Economics

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प्रश्न

What is meant by increasing returns to scale?

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उत्तर

When the percentage change in output exceeds the percentage change in each of the factors in the same ratio, this is referred to as increasing returns to scale.

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अध्याय 10: Concept of Production and Law of Returns - TEST QUESTIONS [पृष्ठ १०.२५]

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आर. के. लेखी और पी. के. धर Economics [English] Class 12 ISC
अध्याय 10 Concept of Production and Law of Returns
TEST QUESTIONS | Q A. 10. | पृष्ठ १०.२५
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