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Introduction to Economics 2
INTRODUCTION TO ECONOMICS II (İKTİSADA GİRİŞ II) - (İNGİLİZCE) Dersi International Trade and Finance soru cevapları
INTRODUCTION TO ECONOMICS II (İKTİSADA GİRİŞ II) - (İNGİLİZCE) Dersi International Trade and Finance soru detayı:
SORU:
What is constant returns to scale?
CEVAP:
Constant returns to scale gives a constant long run average cost of a firm as output increases. Constant returns to scale occur if the percentage increase in output equals the percentage increase in inputs.