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Title: Does it make sense to consider the returns to scale of a production function in the short run? Post by: nakungth on Oct 24, 2017 Does it make sense to consider the returns to scale of a production function in the short run?
A) Yes, this is an important short-run characteristic of production functions. B) Yes, returns to scale determine the diminishing marginal returns of the inputs. C) No, returns to scale is a property of the consumer's utility function. D) No, we cannot change all of the production inputs in the short run. Title: Re: Does it make sense to consider the returns to scale of a production function in the short run? Post by: Bart_arg on Oct 24, 2017 Content hidden
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