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Question Practice

Which of the following explains 'returns to scale'?

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MCQ_SA
CBSE
Class 12
Economics
Introductory Microeconomics
Production And Costs
Question Bank

Which of the following explain...

Single Answer MCQ
Q-00089416

Which of the following explains 'returns to scale'?

1

It reflects the effect of changing only one input

2

It measures fixed cost changes

3

It shows how output changes with proportional changes in all inputs

4

It is irrelevant in production theory

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Q1.

What does the production function describe?

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Q2.

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Q3.

Which production function exhibits increasing returns to scale?

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Q4.

What is the marginal product of labor (MPL)?

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