Answer to Question #312888 in Microeconomics for Tony

Question #312888

Use a well labelled diagrams to show how production Isoquant can be used to explain:




1)Increasing returns to scale




2)Constant returns to scale




3)Decreasing return to scale

1
Expert's answer
2022-03-18T09:18:31-0400

1)Increasing returns to scale




2)Constant returns to scale





3)Decreasing return to scale


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