CUET Economics - Match List-I with List-II | List-I | List-II | |---|---| | (A) Constant returns to scale | (I) When a proportional increase in all inputs results in an increase in output by a larger proportion. | | (B) Decreasing Returns to Scale | (II) The relationship between inputs used and output produced by the firm. | | (C) Increasing Returns to Scale | (III) When a proportional increase in all inputs results in an increase in output by a smaller proportion. | | (D) Production function | (IV) When a proportional increase in all inputs results in an increase in output by the same proportion. | Choose the correct answer from the options given below: | PYQs + Solutions | AfterBoards