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Also known as a scale line in economics, an expansion path refers to lines connecting the best inputs during production expansion. The producers use this path to sell more at the cheapest prices possible to increase production rates.

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Q: What is expansion path?
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Did the first expansion slots on early PCs have a 16-bit data path and ran at 8.33 MHz?

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A firm expansion path shows the different combinations of inputs a firm can use to increase production. It highlights the various ways a company can grow by utilizing resources more efficiently or increasing input quantities. By following this path, a firm can optimize its production process and achieve higher output levels.


Is the firm's expansion path always straight?

The long run expansion path of a firm will not be linear when for higher levels of outputs the optimal mix of labor and capital changes. This causes the Isoquant's slope to be different at each level of output and makes the expansion path bend.Whether this exists in real life or not, I don't know. I can think of an example though. For smaller scale operations a different "type" of capital could be used that requires more labor to be utilized. Maybe a small landscaping company choses to use shovels for a small project and a backhoe for a larger project, which requires less labor.For the short run capital is fixed, so in that case the firms expansion path will always be linear.hope this helps.


What is the Difference between Income consumption curve and expansion path curve?

income expansion curve The ICC is a line that is formed when many indifference curves are seen and their attainable points are plotted. The line that is formed by connecting these points is the ICC. The expansion path is the same concept, but for isoquants. Isoqants being the two inputs that are needed in production. indifference curves are from consumer theory that a person has to choose between two goods.


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