Laws of returns to scale are based on the assumption of:
A. Variable proportions of factor-inputs
B. Fixed proportions of factor-inputs
C. Excess demand for fixed inputs
D. Deficient demand for fixed inputs.
Answer:A
Laws of returns to scale are based on the assumption of:
A. Variable proportions of factor-inputs B. Fixed proportions of factor-inputs C. Excess demand for fixed inputs D. Deficient demand for fixed inputs.