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 530 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?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

For a complete list of videos, visit our video library