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Home Q & A Board Other Fields Homework Help Business Economics
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Llanis Llanis
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6 years ago
In the Primary Metals industry, it is estimated that the elasticity of output with respect to labor is 0.51 and the elasticity of output with respect to capital is 0.73. These two measures indicate that the primary metals industry is characterized by
A) decreasing returns to scale.
B) constant returns to scale.
C) increasing returns to scale.
D) no returns to scale.
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Microeconomics

Microeconomics


Edition: 6th
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LBCeaLBCea
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6 years ago
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Llanis Author
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6 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
deathwing
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Yesterday
Thanks
tcat
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2 hours ago
this is exactly what I needed
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