Exhibit 8-1
(a)

(b)

(c)

-Refer to Exhibit 8-1. Which graph depicts increasing returns to scale?

Name: Exhibit 8-1 (a) (b) (c) -Refer to Exhibit 8-1. Which graph depicts increasing returns to scale?
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Question

Exhibit 8-1
(a)
  
(b)
  
(c)
 
-Refer to Exhibit 8-1. Which graph depicts increasing returns to scale?

Quizplus · Accepted Answer

The graph (b) depicts increasing returns to scale, as there is a greater increase in output relative to the increase in inputs compared to the other two graphs.