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.
A monetary financial institution (MFI's) is a bank (central, retail, wholesale) or building society which allows entities to make deposits with their institution. A non-monetary institution does not accpet deposits, i.e insurance firms or pension schemes. this a simple definition which should start you off on the right path. I hope. :)
The OR Procedure
pay path is when you can change your money from bank to bank
The path to the green man's treasure is actually the yellow brick road in disguise. just kidding. try this link: http://www.youtube.com/watch?v=IHRRhUKaWes&feature=fvw
A free trip or Journey and an insured path to heaven.
straight
A circle is a path that is always a curve, as it consists of points equidistant from a fixed central point. This curve does not have any straight segments or corners, maintaining a continuous and curved shape throughout its circumference.
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.
Distance from minnesota to chile is 5868 miles. It always varies according to the line of path chosen. it is the shortest and the straight path between the two areas.
A line is a straight path that extends infinitely or endlessly in opposite directions. A straight path that joins two points is called a line segment.
It will move faster and still faster along the path. However, it will require an infinite force accelerating it and since such a force cannot exist, there is no possibility of such an event happening.
With a curved path you have to slow down to curve as with a straight path you dont have to slow down you can do as fast as you need to go to get threw it.
straight
light takes a straight path.
The cast of A Straight Path - 1911 includes: Jane Fearnley
The symbol for Straight Path Communications Inc. in the AMEX is: STRP.
Straight line