Teaching RPSC Assistant Professor Mock Test Series 2024-25 General Knowledge Economy Industrial Sector
Constant returns to scale (CRS) is a property of production function that holds when ___________.
1
a proportional increase in all inputs results in an increase in output by more than the proportion
2
a proportional increase in all inputs may results in an increase in output by less than or more than the proportion
3
a proportional increase in all inputs results in an increase in output by less than the proportion
4
a proportional increase in all inputs results in an increase in output by the same proportion
5
Question Not Attempted