« previous next »

Author Question: If the isoquants are straight lines, then A) inputs have fixed costs at all use rates. B) the ... (Read 163 times)

sdfghj

  • Hero Member
  • *****
  • Posts: 552
on: Jul 1, 2018
If the isoquants are straight lines, then
 
  A) inputs have fixed costs at all use rates.
  B) the marginal rate of technical substitution of inputs is constant.
  C) only one combination of inputs is possible.
  D) there are constant returns to scale.

Question 2

See Scenario 4.5. As the price of grilled cheese sandwiches decreases, the price elasticity of demand:
 
  A) increases.
  B) does not change.
  C) decreases.
  D) none of the above


Melissahxx

  • Sr. Member
  • ****
  • Posts: 304
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

There are more bacteria in your mouth than there are people in the world.

Metabolic rates of animals that differ in size. Metabolic rates of animals that differ in size.
Alternative forms of surgeries involving the uterus, ovaries, and fallopian tubes. The solid lines i Alternative forms of surgeries involving the uterus, ovaries, and fallopian tubes. The solid lines i
This chart shows the various lines of responsibility and how they differ in presidential and parliam This chart shows the various lines of responsibility and how they differ in presidential and parliam
Raster is the best scope position to view the spark lines of all the cylinders to check for ... Raster is the best scope position to view the spark lines of all the cylinders to check for ...
Fixed bed state (i) and complete fluidization (ii) Fixed bed state (i) and complete fluidization (ii)
The path of a race car is shown. What is the straight distance from the start to the finish to ... The path of a race car is shown. What is the straight distance from the start to the finish to ...
Video: Gastrin (gastric emptying) & Secretin (buffering gastric acid)

For a complete list of videos, visit our video library