Use the following to answer question:
-(Table: Long-Run Total Cost)Use Table: Long-Run Total Cost.This soybean grower receives constant returns to scale over the _____ and _____ bushels.
A)first;second
B)third;fourth
C)fourth;fifth
D)fifth;sixth

Question

Use the following to answer question: 
-(Table: Long-Run Total Cost)Use Table: Long-Run Total Cost.This soybean grower receives constant returns to scale over the _____ and _____ bushels.
A)first;second 
B)third;fourth 
C)fourth;fifth 
D)fifth;sixth

Quizplus · Accepted Answer

Constant returns to scale occur when increasing the amount of inputs leads to a proportional increase in output. Without the specific table data, we can't identify the exact intervals. However, the correct answer typically involves identifying the range(s) where doubling the inputs (e.g., land, labor) results in doubling the output (e.g., bushels of soybeans), indicating constant returns to scale.

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