Economics A-Level
Average returns
What Average returns means in Economics A-Level, as defined for AQA.
Definition of Average returns
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Reference: AQA
Total output divided by the number of units of the variable factor, typically labour, showing output per worker.
Topics that use Average returns
- The law of diminishing returns and returns to scale (AQA A-Level)
Related terms
- Capacity constraints
- Costs of production
- Diminishing marginal returns
- Economies of scale
- Factor inputs
- Factors of production
- Law of diminishing returns
- Long run
Using Average returns in the exam
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