Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

ECON112 > Week 3 > Flashcards

Week 3 Flashcards

1
Q

Returns to scale

A

The effect on output of increasing all inputs in the same proportion. The production function has a constant returns to scale.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly

ECON112 (3 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions