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Consider the following isoquant graphs. Provide a thorough and clear explanation as to which graphs correspond to increasing (IRS), decreasing (DRS) and constant returns to

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Consider the following isoquant graphs. Provide a thorough and clear explanation as to which graphs correspond to increasing (IRS), decreasing (DRS) and constant returns to scale (CRS), respectively. Cap. Cap. Cap. More than 2K 2K 200 Less B 200 than 2K A 2K A 200 1K 100 100 100 IL 2L X Lab IL Less Lab IL More Lab -X (a) than 2L (b) than 2L (c)

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