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Returns to scale is related to the long period. Returns to scale refer to the effect of changing the scale of production (i.e., the size of the firm or the level of inputs) on the firm's output. It is analyzed in the long run because in the short run, firms may not be able to adjust all inputs, such as plant size and capital, which is essential for studying the concept of returns to scale.
In a certain code language, 6219 means ‘Sachin is a cricketer’ and 2646 means ‘He played from Mumbai’. Which of the following is...
In a certain language, CHHAPAK is coded as DJKEUGR. How will MALANGA be coded in that language?
If LIT is coded as 12920, then what is the code for THAT?
In a certain code language, 'India is my country' means ‘8573’, 'Sam is my friend' means ‘8634’, 'My country' means ‘73’ and 'Team India' me...
In a certain code language, ‘CIRCLE’ is written as ‘DLWAHY’. How will ‘SQUARE’ be written in that language?
In a certain code language, ‘HARVEST’ is coded as ‘22-21-7-24-20-3-10. How will ‘FARMER’ be coded as in that language?
If in a certain code, ‘BRIDGE’ is written as ‘ACQSHJCEFHDF’, what is the code of POWER?
In a certain code language, ' INNER ’ is written as ' SNNWJ ' and ' GLASS ' is written as ' UPAII '. How will ' MODEL ' be written in that language?
In a certain code language, ‘CROWD’ is coded as 23415924 and ‘TRHICK’ is coded as 162491997. How will ‘FRUGAL’ be co...
In a certain code language, 'REASON' is coded as '5410129' and 'HEALTHY' is coded as '716231216'.How will 'DIVULGE' be coded in that language?