--%>

Constant return to scale with an upward-sloping supply curve

Can there be constant returns to scale in an industry along with an upward-sloping supply curve?  Describe.

Constant returns to scale imply that proportional raise in all inputs yield the similar proportional increase in output. Proportional raise in inputs can induce higher prices if the supply curves for these inputs are upward sloping.  Thus, constant returns to scale does not for eternity imply long-run horizontal supply curves.

   Related Questions in Biology

  • Q : What are Plant Operations Plant

    Plant Operations: It is responsible for maintenance and operation of the plant's building facilities, grounds, and utilities. This comprises building maintenance and repairs, maintenance of electrical and mechanical systems, custodial services, and as

  • Q : Abundant form in which nitrogen is

    Write down the most abundant form in which nitrogen is found in nature.

  • Q : Increasing Diversity Skills -

    Efforts to increase diversity skills focus on improving the way managers and their subordinates interact with each other and on improving their ability to work with different kinds of people. Education managers and their subordinates about why and how people differ in the ways they think, communi

  • Q : Animal practising the cutaneous

    Which animal practise the cutaneous respiration?

  • Q : Major arguments favor evolutionism In

    In the scientific competition against the fixism write down the major arguments which favor evolutionism?

  • Q : How poliomyelitis influences the neural

    How poliomyelitis influences the neural transmission in the spinal cord? Answer: The poliovirus parasites destroy the spinal motor neurons causing paralysis of the m

  • Q : What is Pilot Manufacturing Pilot

    Pilot Manufacturing: It is a line of production established in industries, or manufacturing fields in order to confirm whether new processes employed for manufacturing will be more proficient or not.

  • Q : How energy transferred along the food

    How energy transferred along the food chain?

  • Q : Importance of the glucose blood level

    Elaborate the importance of the glucose blood level intended for human health?

  • Q : Obelia and Aurelia In metagenesis of

    In metagenesis of Obelia and Aurelia what is the form which generates gametes? What is the form which reproduces asexually?