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The Workers

Proportional ...

Question

Proportional relations between production and factors of production in the long run are called __________.

[1 mark]

A

returns to a factor

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B

returns to scale

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C

both A and B

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D

none of the above

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Solution

The correct option is B returns to scale
Returns to a factor is associated with short-run production. Returns to scale are related to long-run production.

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Similar questions

Q. If all the factors of production are increased by the same proportion, and as a result the output increases by a greater proportion, then it is called:

[1 mark]

Q. A long run analysis of production is called ______________.

Q. A long-run decision to stop production is called a/an decision.

Q. If all inputs are increased in the same proportion, then it is a case of ___________.
(i) Short run production function
(ii) Long run production function
(iii) Laws of variable proportions
(iv) Laws of returns to scale

In the long run, a firm must cover all costs of production.

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