-The Above Figure Shows the Isoquants for Producing Steel

question 13

Multiple Choice

-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.

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Definitions:

They're

A contraction of "they are," used to refer to two or more people, animals, or things.

Effected

Refers to something that has been brought about or achieved; an outcome that has been realized.

Ostentatious

Characterized by vulgar or pretentious display; designed to impress or attract notice.

Know

To be aware of through observation, inquiry, or information; to have knowledge or information about.