Examlex
Which of the following statements is not true?
Scale
The size, extent, or level of something, typically used in the context of production or operations to indicate magnitude or capacity.
Returns to Scale
A concept in economics that describes how the output of a firm changes as all its inputs are increased proportionally.
Short Run
A period in economics during which at least one factor of production is fixed, limiting the adjustment processes of the economy.
Production Function
A mathematical representation of the relationship between inputs used in production and the output generated.
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