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Law of Returns to Scale in Nepali || Explanation with Diagram || BBS 1st year Economics || Chapter 5
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In this video, we have explained law of returns to scale which is an important law in economics that is concerned about production. This law is based on long run production function which assumes that all the factors of production (say Labour and Capital) are variable. If the factors of productions (inputs) are increased in the same ration / percentage, the production (output) also increases but the increase may be at:
a) Increasing Rate
b) Constant Rate
c) Decreasing Rate
We have explained the meaning, concept, assumptions and types of returns to scale, i.e. increasing returns to scale\, constant returns to scale and decreasing returns to scale.
We have prepared this video mainly for BBS First year students for their Microeconomics subject. This topic is part of the Chapter 5 called Theory of Production. Also, this content can be useful for all the students who have this topic mentioned inside their course syllabus in Economics subject.
Our Location - Chabahil Mitrapaark (PipalBot) Kumari Building 6th Floor
Contact No : 9802325036/37 , 9813441006
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a) Increasing Rate
b) Constant Rate
c) Decreasing Rate
We have explained the meaning, concept, assumptions and types of returns to scale, i.e. increasing returns to scale\, constant returns to scale and decreasing returns to scale.
We have prepared this video mainly for BBS First year students for their Microeconomics subject. This topic is part of the Chapter 5 called Theory of Production. Also, this content can be useful for all the students who have this topic mentioned inside their course syllabus in Economics subject.
Our Location - Chabahil Mitrapaark (PipalBot) Kumari Building 6th Floor
Contact No : 9802325036/37 , 9813441006
Join Guru Baa Official Facebook Group :
Like us on facebook
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