Question:
What does it mean if there are: 1. Increasing RTS 2. Constant RTS 3. Decreasing RTS
Author: eric_galvaoAnswer:
1. When an Increase in Factor Inputs leads to More % Increase in Output 2. When an Increase in Factor Inputs leads to same % of Output 3. When an Increase in Factor Input leads to Less % Increase in Output
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