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Scale factor and perimeter are related because if the scale factor is 2, then the perimeter will be doubled. So whatever the scale factor is, that is how many times the perimeter will be enlarged.
The areas are related by the square of the scale factor.
The scale factor is 1 to 150
The linear scale factor is 100.
THE LAW OF RETURNS TO mean that law in which we study about the different period of the production in which increasing , decreasing , and constant returns to scale is studied
AFC will decrease
Increasing returns to scale.
BHARATI BASU has written: 'INTERNATIONAL LABOR MOBILITY: UNEMPLOYMENT AND INCREASING RETURNS TO SCALE'
differentiate between returns to scale and constant return to scale
Return to factor The return attributable to a particular common factor. We decompose asset returns into a common factor component, based on the asset's exposures to common factors times the factor returns, and a specific return. Return to scale An economic concept referring to a situation in which economies of scale no longer function for a firm. Rather than experiencing continued decreasing costs per increase in output, firms see an increase in marginal cost when output is increased.
what is relationship between change in input and output. In the return's to scale (long term concept) all the factor are variable but in the variable proportions are some factor variable and some factors are fixed.
Economies of scale (costs decrease), diseconomies of scale (costs increase), constant returns to scale (costs stay the same)
My loose definition of constant returns to scale:Constant returns to scale occur when a given increase in output is brought about by the same proportional increase in returns.
Scale of economies = the size of the economies - i.e how big the economies/savings are. Economies of scale = those economies that come as a result of the organization being big (as opposed to the same costs of in organization which is smaller)
You increase the scale factor.
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