Author Question: If you are running a winery and you need one bottle for every 750ml of wine, then your production ... (Read 78 times)

leo leo · **on:** Jul 1, 2018

If you are running a winery and you need one bottle for every 750ml of wine, then your production function

A) is inefficient.
B) is considered fixed-proportion.
C) will have a diminishing marginal rate of technical substitution.
D) has downward-sloping, straight line isoquants.

Question 2

The producers of externalities prefer _____ to _____.

a. corrective taxation; regulation
b. regulation; subsidization
c. competition; subsidization
d. regulation; corrective taxation