CUET Economics - Match the LIST-I with LIST-II | LIST-I | LIST-II | |---|---| | A. When a proportional increase in all inputs results in an increase in output by a larger proportion | I. Constant Returns to Scale | | B. When a proportional increase in all inputs results in an increase in output by the same proportion | II. Law of variable proportion | | C. When a proportional increase in all inputs results in an increase in output by a smaller proportion | III. Increasing Returns to Scale | | D. The tendency of the marginal product first increase and then fall | IV. Decreasing Returns to Scale | Choose the correct answer from the options given below: | PYQs + Solutions | AfterBoards