Exhibit 8-1
(a)

(b)

(c)

-Refer to Exhibit 8-1. Which graph depicts decreasing returns to scale?
A) (a)
B) (b)
C) (c)

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

Exhibit 8-1
(a)
  
(b)
  
(c)
 
-Refer to Exhibit 8-1. Which graph depicts decreasing returns to scale?
A) (a) 
B) (b) 
C) (c)

Quizplus · Accepted Answer

Graph (c) depicts decreasing returns to scale because as inputs are increased, the output increases at a decreasing rate, which is characteristic of decreasing returns to scale.