This topic contains a solution. Click here to go to the answer

Author Question: The above figure shows the isoquants for producing steel. Increasing returns to scale are (Read 527 times)

ashley

  • Hero Member
  • *****
  • Posts: 584


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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by ashley on Jun 18, 2019

nital

  • Sr. Member
  • ****
  • Posts: 320
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.
Answer Preview
Only 29% of students answer this correctly




nital

  • Sr. Member
  • ****
  • Posts: 320

sarasara

  • Hero Member
  • *****
  • Posts: 521


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



nixon_s

  • Sr. Member
  • ****
  • Posts: 359
present when producing more than 20,000 tons.



plus1

  • Hero Member
  • *****
  • Posts: 676


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



aliotak

  • Sr. Member
  • ****
  • Posts: 326
present when producing between 10,000 and 20,000 tons.



plus1

  • Hero Member
  • *****
  • Posts: 676

aliotak

  • Sr. Member
  • ****
  • Posts: 326

 

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

For a complete list of videos, visit our video library