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 27RQ: What is the difference between economies of scale, constant returns to scale, and diseconomies of...
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Question
![The production function y = 0.8X1X2 exhibits
returns to scale.
O Constant
O Increasing
O Decreasing
O Homothetic](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc8aae919-ec6b-4cbe-89b8-ab89e1965834%2F1fd7e798-9544-4512-b236-a93b1f5938ba%2Fv0zerep_processed.png&w=3840&q=75)
Transcribed Image Text:The production function y = 0.8X1X2 exhibits
returns to scale.
O Constant
O Increasing
O Decreasing
O Homothetic
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