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Author Question: Suppose that capital and labor must be kept in a fixed proportion to produce a particular good. For ... (Read 93 times)

nevelica

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on: Mar 14, 2021
Suppose that capital and labor must be kept in a fixed proportion to produce a particular good. For example, digging a trench requires one worker who has one shovel. What does this imply about returns to scale?
◦ There are constant returns to scale.
◦ There are increasing returns to scale.
◦ There are decreasing returns to scale.
◦ Nothing.
Managerial Economics and Strategy ¦ Perloff, Brander ¦ 3rd Edition
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Marked as best answer by nevelica on Mar 14, 2021

chreslie

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Reply #1 on: Mar 14, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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nevelica

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Reply 2 on: Mar 14, 2021
YES! Correct, THANKS for helping me on my review

kjohnson

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Reply 3 on: Yesterday
Excellent

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