For any constant returns production function, the isoquants for Q = 1, Q = 2, Q = 3, etc.will
A)All be inversely proportional to the inputs
B)Exhibit diminishing returns in the long run
C)Be straight lines
D)Be equally spaced, in that the distance between Q = 1 and Q = 2 is the same as Q = 2 and Q = 3, etc

Question

Quizplus · Accepted Answer

In a constant returns to scale production function, doubling the inputs will double the output, so the isoquants are equally spaced.

For Any Constant Returns Production Function, the Isoquants for Q