Use the following to answer question 237: $$\begin{array}{l}
\text { Table: Long-Run Total Cost }\
\begin{array} { c c }
\begin{array} { c }
\text { Quantity of } \
\text { Soybeans } \
\text { (bushels) }
\end{array} & \begin{array} { c }
\text { Long-Run } \
\text { Total Cost }
\end{array} \
\hline 1 & \$ 50 \
2 & 80 \
3 & 90 \
4 & 120 \
5 & 200 \
6 & 300 \
\hline
\end{array}
\end{array}$$
-(Table: Long-Run Total Cost)Use Table: Long-Run Total Cost.This soybean grower receives constant returns to scale over the _____ and _____ kilograms.
A) first;second
B) third;fourth
C) fourth;fifth
D) fifth;sixth

Question

Use the following to answer question 237: $$\begin{array}{l}
\text { Table: Long-Run Total Cost }\
\begin{array} { c c } 
\begin{array} { c } 
\text { Quantity of } \
\text { Soybeans } \
\text { (bushels) }
\end{array} & \begin{array} { c } 
\text { Long-Run } \
\text { Total Cost }
\end{array} \
\hline 1 & \$ 50 \
2 & 80 \
3 & 90 \
4 & 120 \
5 & 200 \
6 & 300 \
\hline
\end{array}
\end{array}$$
-(Table: Long-Run Total Cost)Use Table: Long-Run Total Cost.This soybean grower receives constant returns to scale over the _____ and _____ kilograms.
A) first;second
B) third;fourth
C) fourth;fifth
D) fifth;sixth

Quizplus · Accepted Answer

Constant returns to scale occur when the long-run total cost increases proportionally with the increase in output. From 3 to 4 bushels, the cost increases from $90 to $120, which is a proportional increase.

Use the Following to Answer Question 237 -(Table: Long-Run Total Cost)Use Table: Long-Run Total Cost