wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Constant returns to scale (CRS) is a property of production function that holds when a proportional increase in all inputs results in an increase in output by the same proportion.


A

True.

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B

False

No worries! We‘ve got your back. Try BYJU‘S free classes today!
Join BYJU'S Learning Program
CrossIcon