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Many companies are exploring the use of distance learning to provide training.As the company weighs the pros and cons of distance learning,which of the following should they keep in mind?
Constant Returns To Scale
The property whereby long-run average total cost stays the same as the quantity of output changes.
Inputs
Factors including workforce, materials, and funds employed in the process of creating products or offering services.
Production
The process of combining various material inputs and immaterial inputs (plans, know-how) to make something for consumption.
Constant Returns To Scale
A situation in production where increasing the amount of inputs results in a proportionate increase in the output.
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