Explain “Returns to Scale” using numerical examples. Give reasons… - Vidyadip

Question

Explain “Returns to Scale” using numerical examples. Give reasons.

✓

Answer

Three diffrent Situations of return to scale with numerical examples Reason behind increasing and diminishing returns to scale.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "4 Marks Question" from Production and cost→Production and cost — all question types→Economics STD 12 Humanities & Commerce question papers→Rajasthan Board STD 12 Humanities & Commerce question papers→Rajasthan Board question paper generator→

Similar questions

How is the exchange rate determined under a flexible exchange rate regime?

Discuss relationship between MPC and MPS.

Explain the implications of the following:

Interdependence between firms in oligopoly.
Large number of sellers in perfect competition.

On the basis of the following schedule, calculate Price Elasticity of Demand by percentage method.

Price per unit (₹)	Total expenditure (₹)
10	180
9	162

Giving reasons, state whether the following statements are true or false:

A monopolist can sell any quantity he likes at a price.
When equilibrium price of a good is less than its market price, there will be competition among the sellers.

What precautions should be taken while estimating national income by expenditure method? Explain.

Complete the following table:

Output (Units)	ATC (₹)	AVC (₹)	MC (₹)
1	54	30	30
2	-	24	-
3	-	-	24
4	33	-	-

Market for a good is in equilibrium. The demand for the good 'decreases'. Explain the chain of effects of this change.

What is ‘deficient demand’ in macroeconomics? Show it on a diagram. Explain the role of open market operations in correcting it.

A consumer consumes only two goods X and Y. Explain the conditions of consumer’s equilibrium using Marginal Utility Analysis.