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Author Question: The above figure shows the isoquants for producing steel. When producing between 10,000 and 20,000 ... (Read 121 times)

imowrer

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Question 1

 

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

Question 2

 

The above figure shows the isoquants for producing steel. When producing between 10,000 and 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 imowrer on Mar 14, 2021

jaykayy05

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imowrer

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Reply 2 on: Mar 14, 2021
:D TYSM


ryansturges

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Reply 3 on: Yesterday
Excellent

 

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