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Constant returns to scale
When a firms long run avg cost curve is horizontal for a range of output, then in that range production displays:
a) constant avg
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dav-0
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The firm's minimum efficient scale occurs
A. when diseconomies of scale are falling. O B. when constant returns to scale end and
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Meticulously difine the terms:
1. Aggregate demand 2. Aggregate supply 3. Economies of scale 3. Diseconomies of scale 4. Constant
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Discuss the laws of variable proportions and returns to scale in relation to technology and cost curves of firms and explain the
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4. . Discuss the laws of variable proportions and returns to scale in relation to technology and cost curves of firms and
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bejuk
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Constant returns to scale
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AOL
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1. Consider the production function f(x1,x2) =X²,X². Does this exhibit
constant, increasing, or decreasing returns to scale?
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asked by
Evaristi Paulo
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Which of the following production functions exhibit constant returns to scale? In each case
ys output and K and L are inputs. (1)
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asked by
Sabiya
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Consider the production function f(x1,x2) =X²,X². Does this exhibit
constant, increasing, or decreasing returns to scale? With
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asked by
Evaristi Paulo
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2. If a firm increases all of its inputs by 60 percent and its output increases by 90 percent, then you know that:
A) it is
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Kristin
628 views