-The Above Figure Shows the Isoquants for Producing Steel

question 14

Multiple Choice

-The above figure shows the isoquants for producing steel.When producing between 10,000 and 20,000 tons there are

• A) increasing returns to scale.
• B) decreasing returns to scale.
• C) constant returns to scale.
• D) economies of scale.

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Definitions:

Genes

Units of heredity made up of DNA, located on chromosomes, that carry the instructions for the development, functioning, growth, and reproduction of all known organisms.

Analogous

Similar or comparable in certain respects, typically allowing for a comparison to be made.

Ovulation

The phase in the menstrual cycle when a mature egg is released from the ovary, making it available for fertilization.

Fertilization

Union of sperm and ovum to produce a zygote; also called conception.