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