Business Economics

1: Return to scale involve variations in the quantities of the various factors of production (1) Simultaneously, and/ or (2) Proportionately
A.

Both (1) and (2) are correct.

B.

(1) is correct and (2) is incorrect.

C.

(1) is incorrect and (2) is correct.

D.

Both (1) and (2) are incorrect.

 

Answer : C

Explanation :

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Option: A

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