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Author Question: The above figure shows the isoquants for producing steel. Increasing returns to scale are (Read 695 times)

brutforce

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The above figure shows the isoquants for producing steel. When producing more than 20,000 tons there are
◦ decreasing returns to scale.
◦ economies of scale.
◦ constant returns to scale.
◦ increasing returns to scale.


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ryansturges

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lak

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The above figure shows the isoquants for producing steel. When producing less than 10,000 tons there are
◦ diseconomies of scale.
◦ decreasing returns to scale.
◦ increasing returns to scale.
◦ constant returns to scale.



skipfourms123

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leilurhhh

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The above figure shows the isoquants for producing steel. When producing between 10,000 and 20,000 tons there are
◦ constant returns to scale.
◦ decreasing returns to scale.
◦ increasing returns to scale.
◦ economies of scale.



nguyenhoanhat

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