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Author Question: According to the table above, clothing production exhibits A) decreasing returns to scale. B) ... (Read 38 times)

burchfield96

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on: Jul 1, 2018
According to the table above, clothing production exhibits
 
  A) decreasing returns to scale.
  B) constant returns to scale.
  C) increasing returns to scale.
  D) varying returns to scale.

Question 2

All of the following utility functions rank bundles (q1,q2 ) in the same order except for which one?
 
  A) q11/2 + q21/2
  B) q11/2 q21/2
  C) ln(q1 ) + ln(q2 )
  D) All of the above rank bundles (q1,q2 ) in the same order


allisonblackmore

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Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

A


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