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What is the difference between law of return to variable proportion and law or return to scale?
Wiki User
∙ 13y ago
There is a big difference between both the laws.The basi difference between them is that i dont know 1st but i know the 2nd one
Wiki User
∙ 13y ago
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Distinguish between return to scale laws of variable proportion in the contest of business decision making?
what will be the maximum wage that firms are willing to pay in laws of variable proportion show graphically
What is the difference between variable proportions and returns to scale?
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.
Law of variable proportion and law of returns to scale?
Under Law of variable proportion: only one variable input varies all other variable kept constant. Under Law of Return to Scale: All the variable inputs varies except the enterprise. Law of variable proportion is for short period; law of return to scale is for long period. Law of variable proportion shows the relationship if one variable input increase (eg: Labour) by keeping all other variable constant; total product and marginal product increase upto a certain point after that it will increase at a diminishing rate. it shows in three stage first increase then constant and then decrease. Law of return to scale shows the relationship between inputs and output at three different stages: 1. output increase more than inputs, 2. output and input are constant, 3. output is less than proportionate input.
Difference between returns to scale and constant return to scale?
differentiate between returns to scale and constant return to scale
What is the difference between investment and expenditure?
An investment you expect a return, with the other, you don't.
Distinguish between return to scale laws of variable proportion in the contest of business decision making?
what will be the maximum wage that firms are willing to pay in laws of variable proportion show graphically
What is the difference between variable proportions and returns to scale?
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.
Law of variable proportion and law of returns to scale?
Under Law of variable proportion: only one variable input varies all other variable kept constant. Under Law of Return to Scale: All the variable inputs varies except the enterprise. Law of variable proportion is for short period; law of return to scale is for long period. Law of variable proportion shows the relationship if one variable input increase (eg: Labour) by keeping all other variable constant; total product and marginal product increase upto a certain point after that it will increase at a diminishing rate. it shows in three stage first increase then constant and then decrease. Law of return to scale shows the relationship between inputs and output at three different stages: 1. output increase more than inputs, 2. output and input are constant, 3. output is less than proportionate input.
What it the difference between a categoric dependent variable and a continuous dependent variable?
A dependent variable that can take on an infinite or at least very large number of values, such as rate of return. In statistical analysis, a dependent variable that is grouped into two or more categories such as solvency/insolvency.
What is the difference between the sales return and purchase return?
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What is the difference between a function and not a function?
The word non-function can mean practically anything, a variable, for example.int fun (int x) { return x+10; }int nonfun= 32;
What is the difference between return on investment and return on assets?
They are one and the same and they are used interchangeably.
Difference between returns to scale and constant return to scale?
differentiate between returns to scale and constant return to scale
What is the difference between a warranty and insurance?
the difference between a warranty and insurance, is a warranty is when you can return it to either get another or to just return it. insurance is when you have coverage over the object or living being.
What is the difference between yield and coupon rate?
The difference between the coupon rate and the required return of a bond is dependent upon the type of bond. Junk bonds will have the biggest difference between its return and the coupon rate.
What is the difference between sale sand sales return?
sales is when u sale it dimwitt and sales return is when u return it dumbie
What is the difference between return on capital and return on investment?
return on capital = earnings before interest and tax / capital employed * 100
