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nakungth nakungth
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Posts: 1175
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6 years ago
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.
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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Bart_argBart_arg
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6 years ago
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nakungth Author
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6 years ago
You make an excellent tutor!
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Yesterday
Smart ... Thanks!
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2 hours ago
Good timing, thanks!
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