For example, in a big firm, it is more difficult to communicate and coordinate workers. Thus, economies of scale prevail at small levels of production, and diseconomies of scale prevail at a larger level of production. In the long-run, three returns to scale operate i.e.
UGC NET Final ResultOut on 5th November 2022. Along with the results UGC has also released the UGC NET Cut-Off.The candidates just need their application number and DOB to view their results. The answer key for all phases of the UGC NET Merged Cycle was released on 2nd November 2022. The UGC NET CBT exam consists of two papers – Paper I and Paper II. Paper I consists of 50 questions and Paper II consists of 100 questions.
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By qualifying this exam, candidates will be deemed eligible for JRF and Assistant Professor posts in Universities and Institutes across the country. Diminishing returns to scale ensure that the size of the productive firms cannot the presence of increasing returns to scale be infinitely large. The study material of Eduncle helps me a lot. The unit wise questions and test series were helpful. It helped me to clear my doubts. When I could not understand a topic, the faculty support too was good.
Thanks Eduncle. The General Aptitude part of Eduncle study materials were very good and helpful. Chapters of the Earth Science were also very satisfactory. This might be because when the scale of operation increases, it becomes difficult to handle large units of labor and co-ordination is at stake which results in decreasing overall efficiency. Eduncle served as my guiding light. It has a responsive doubt solving team which solves & provides good solutions for your queries within 24 hours.
In the context of the above two statements, which one of the following codes is correct?
However, after a certain output, a firm may experience diseconomies of scale. If a firm has high fixed costs, the increasing output will lead to lower average costs. The long-run cost curves are U-shaped due to economies of scale and diseconomies of scale.
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- Diminishing returns to scale ensure that the size of the productive firms cannot be infinitely large.
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This occurs where increased output leads to higher average costs. I am truly Statisfied with study material of Eduncle.com for English their practise test paper was really awsome because it helped me to crack GSET before NET. Thanks Team of eduncle.
The presence of increasing returns to scale in an industry leads to :
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Increasing Returns to Scale, Constant Returns to Scale, and Diminishing Returns to Scale which is also one of the reasons because of which the Long Run Average Curve is U-shaped. I recommend Eduncle study material & services https://1investing.in/ are best to crack UGC-NET exam because the material is developed by subject experts. Eduncle material consists a good no. of ques with online test series & mock test papers. This will result in economies of scale.