External economies accrue due to ________:aIncreasing returns to scalebIncreasing returns to factorcLaw of variable proportiondLow costCorrect answer is option ‘A’ Can you explain this answer? EduRev CA Foundation Question

Contents b) External Economies of scale Diseconomies of Scale of Production: Economies of Scale A. Economies of scale prevails at small levels of output Write a short note on Economies and dis-economies of scale. The framework outlined above provides a useful way to quantify the sectoral contributions to aggregate value-added growth and TFP, directly from […]

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