Increasing return to scale

Increasing return to scale

Increase in output that is proportionally greater than a simultaneous and equal percentage change in the use of all inputs, resulting in a decline in average costs.

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Part of Speech: noun
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Industry/Domain: Accounting
Category: Auditing
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increasing returns to scale

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Increase in output that is proportionally greater than a simultaneous and equal percentage change in the use of all inputs, resulting in a decline in average costs.

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