Write down the difference between diminishing returns and, Ask an Expert

Management Studies

prepare down the difference between diminishing returns and decreasing returns to scale? What kind of returns to scale are possible/observed in organization? Describe why? Describe the relationship between returns to scale and cost curves? Can you assess shape of long-run average cost curve for organization? You don't need to estimate the cost function, merely, on basis of knowledge of your firm, what do you believe curve looks like and describe why?

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M935504

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