The above figure shows the isoquants for producing steel. Increasing returns to scale are
A) present when producing less than 10,000 tons.
B) present when producing less than 20,000 tons.
C) present when producing less than 30,000 tons.
D) never present.
A
Economics
You might also like to view...
Technology is best defined as
A) society's pool of applied knowledge concerning the production of goods and services. B) the maximum output that can be obtained from a stock of physical capital. C) output inside the production possibilities curve. D) the utilization of more resources for the same amount of production.
Economics
_____ are the primary population group with poverty-level incomes in the USA
a. Single-income households b. Households headed by males c. College graduates d. People who do not have high school education e. Retired individuals
Economics