Author Question: A production function may exhibit: a. constant returns to scale and diminishing marginal ... (Read 66 times)

robinn137

  • Hero Member
  • *****
  • Posts: 544
A production function may exhibit:
 a. constant returns to scale and diminishing marginal productivities to all inputs.
  b. constant returns to scale and diminishing marginal productivities to all but one input, but at least one input must have a constant marginal productivity.
  c. constant returns to scale and diminishing marginal productivity to at most one input.
  d. constant returns to scale and diminishing marginal productivities for no inputs.

Question 2

The difference between cooperative and non-cooperative games is
 a. cooperative games allow side payments to support collusion
  b. non-cooperative games encourage communication of sensitive information between arms-length competitors
  c. cooperative games involve randomized behavior
  d. cooperative games necessitate an explicit order of play
  e. inconsequential except when players have contractual relationships



asdfghjkl;

  • Sr. Member
  • ****
  • Posts: 323
Answer to Question 1

a

Answer to Question 2

a



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

For a complete list of videos, visit our video library