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Author Question: The above figure shows the isoquants for producing steel. When producing more than 20,000 tons, there are (Read 165 times)

FButt

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on: Mar 14, 2021

Question 1

 

The above figure shows the isoquants for producing steel. Increasing returns to scale are
◦ present when producing less than 10,000 tons.
◦ present when producing less than 20,000 tons.
◦ present when producing less than 30,000 tons.
◦ never present.

Question 2

 

The above figure shows the isoquants for producing steel. When producing more than 20,000 tons, there are
◦ increasing returns to scale.
◦ decreasing returns to scale.
◦ constant returns to scale.
◦ economies of scale.
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Marked as best answer by FButt on Mar 14, 2021

yasmina

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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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FButt

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Reply 2 on: Mar 14, 2021
Excellent

jackie

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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