Returns to scale examines the production function in the:
A)Short-term
B)Medium term
C)Long term
D)Quinquinial

Name: Returns to scale examines the production function in the: A)Short-term B)Medium term C)Long term D)Quinquinial
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Returns to scale refer to the change in output as all inputs change by the same proportion in the long term, where all factors of production are variable.

Returns to Scale Examines the Production Function in The