-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:

Hyaline Cartilage

A type of strong but pliable cartilage found in areas such as the nose, trachea, and at the ends of long bones where it reduces friction and absorbs shock.

Synchronous

Occurring at the same time or rate; in synchronization.

Fibrous

Composed of or characterized by fibres, especially in the context of connective tissues.

Elastic

A property of materials that can return to their original shape after being stretched or compressed.