The difference between laws of return and laws of return to scale is:

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The difference between laws of return and laws of return to scale is:

A. In case of laws of return, one factor of production is constant and other is variable while in laws of return to scale both factors of production are variable

B. In case of laws of return to scale, one factor of production is constant and other is variable while in laws of return, both factors of production are variable

C. Both a and b

D. None of the above

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Accepted Answer

A. In case of laws of return, one factor of production is constant and other is variable while in laws of return to scale both factors of production are variable

The difference between laws of return and laws of return to scale is:

Correct Answer :

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