Choose the correct statements in respect of returns to scale. (A) Decreasing returns to scale occur when a proportional increase in all inputs is…
CUET UG 2025 — Economics Micro
Choose the correct statements in respect of returns to scale.
(A) Decreasing returns to scale occur when a proportional increase in all inputs is less than output.
(B) Constant returns to scale occur when a proportional increase in all inputs is the same as output.
(C) In the long run, factors of production are increased by the same proportion, or factors are scaled up.
(D) Increasing returns to scale occur when a proportional increase in all inputs is less than output.
Choose the correct answer from the options given below:
Held on 28 May 2025 · Verified 13 Jul 2026.
Options
- A
(A), (B) and (D) only
- B
(A), (C) and (D) only
- C
(A), (B), (C) and (D)
- D
(B), (C) and (D) only
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