Law of diminishing returns to scale is relevant to-

CA Foundation · Business Economics · MTP · May 2026
Law of diminishing returns to scale is relevant to-
(A) A. short period
(B) B. long period
(C) C. market period
(D) D. None of these

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. long period

Topics: Theory of Production and Cost

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