Multiple Choice
When isoquants get progressively further apart there is
A) increasing returns to scale
B) decreasing returns to scale
C) constant returns to scale
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q22: For a fixed proportion production function,at the
Q23: If more and more labor is employed
Q24: Suppose Q = K<sup>a</sup>L<sup>b</sup>,if a + b
Q25: A firm's isoquant shows<br>A)the amount of labor
Q26: A production function measures how an individual
Q28: Suppose the production function for good q
Q29: In a two-input model you can tell
Q30: The average productivity of capital is defined
Q31: If production is given by Q =
Q32: When isoquants get progressively closer together there