Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter7: Production, Costs, And Industry Structure
Section: Chapter Questions
Problem 28RQ: What shape of a long-run average cost curve illustrates economies of scale, constant returns to...
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Question
![The production function Q=0.8X+0.6Y exhibits
A. increasing return to scale.
OB.
economies of scale.
O C. decreasing returns to scale.
O D. constant returns to scale.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1858a710-c111-4513-9004-6c10bf7d1d6e%2Fbd7118e7-82bf-444a-bbcb-834e0d2c0f15%2Fzn4904i_processed.png&w=3840&q=75)
Transcribed Image Text:The production function Q=0.8X+0.6Y exhibits
A. increasing return to scale.
OB.
economies of scale.
O C. decreasing returns to scale.
O D. constant returns to scale.
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