For a constant returns to scale production function:
a. marginal costs are constant but the average cost curve has a U-shape.
b. both average and marginal costs are constant.
c. marginal cost has a U-shape; average costs are constant.
d. both average and marginal cost curves are U-shaped.
Question 2
An efficient customer sorting rule is one in which
a. customers with high willingness to pay secure the discounted goods
b. customers are rationed randomly between the discounted and full price goods
c. no customer purchase below her willingness to pay
d. customers with the lowest willingness to pay secure the discount goods
e. brand loyalty allows the incumbent to retain its regular customers
Basic features of the function of many excretory systems.
Flow Patterns and Large-Scale Weather
Average household size
Derivative of Inverse Trig Function
Differentiation of Inverse Trigonometric Function
Prove that each of the following real functions f has a discontinuity. For each function, ...