« previous next »

Author Question: If the isoquants are straight lines, then A) inputs have fixed costs at all use rates. B) the ... (Read 167 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?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Example of coastal cities Recharge Rates Example of coastal cities Recharge Rates
Organic approaches and the reduction of inputs and pollution Organic approaches and the reduction of inputs and pollution
Lines of the posterior thorax Lines of the posterior thorax
Preterm birth rates, by single and multiple births, Canada Preterm birth rates, by single and multiple births, Canada
Suicide rates in Canada are more than three times higher for males than for females Suicide rates in Canada are more than three times higher for males than for females
Summary of the inputs and outputs of photosynthesis. Summary of the inputs and outputs of photosynthesis.
Video: Primary and secondary response to infection

For a complete list of videos, visit our video library