Question
Returns to scale is related to
Solution
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.
If any person contravenes or attempts to contravene or abets the contravention of the provisions of the PFRDA Act, he shall be punishable with __________
A contract is discharged by novation which means the__________________
Law of Evidence is:
The plaint shall be rejected in the following case:
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