--%>
Assignment Help - homework help

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 : Procedure measures in outcomes research

    What are procedure measures in outcomes research and why are they sometimes employed in place of real outcomes data?

    		•
  • Q : Process of Communication - Organization

    It is concerned with sharing and understanding of information. It consists of several steps explained below: 1)     Develop an idea:  the first step is to develop an idea that the sender wishes to transmit. This is the key step, because unless the

    		•
  • Q : Adnexal organ of the digestive system

    Name the adnexal organ of the digestive system in which the bile is stored? Describe the reaction of organ to ingestion of fat rich food?

    		•
  • Q : Formal Communication - Organization

    Communication through the chain of command is known as formal communication. Formal communication is closely associated with a formal organizational structure. The communication flows through formal channels, i.e., officially recognized positions along the line in the organization. In the organiz

    		•
  • Q : What is Change Management Change

    Change Management: It is a methodical approach to dealing with change, both from the viewpoint of an organization and on the individual level. A somewhat vague term, change management has at least three distinct aspects, comprising: adapting to change

    		•
  • Q : Explain the term cell theory Explain in

    Explain in brief the term cell theory?

    		•
  • Q : Ingredients/Element of Communication -

    1)     Source:  the source is the originator of the idea or the message. It may also be known as the sender who may be an individual or a group though, ultimately, it is an individual who might be acting the role on behalf of a group. The source conceives

    		•
  • Q : Explanation of population Give a brief

    Give a brief explanation of population.

    		•
  • Q : Capillaries of the vascular system

    Explain about the capillaries of the vascular system?

    		•
  • Q : Example of negative feedback of

    Write down an example of negative feedback of homeostatic regulation?

    		•