Question: What is constant returns to scale? Using the graph below, can you determine the behavior of the production function using the behavior of ATC? Where

What is constant returns to scale?

Using the graph below, can you determine the behavior of the production function using the behavior of ATC?

Where would you put your production quality if you want to merely maximize profit?

(you need to draw the same graph in your answer, you do not need to be precise in the drawing, you can label different parts of LR ATC at different quantities)

What is constant returns to scale? Using the graph below, can you

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