This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A production function may exhibit a. constant returns to scale and diminishing marginal ... (Read 42 times)

asmith134

  • Hero Member
  • *****
  • Posts: 576
on: Jul 1, 2018
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

A firm's rate of technical substitution is represented graphically by
 a. the slope of the line connecting the origin with the relevant point on the isoquant.
  b. the negative of the slope of the line connecting the origin with the relevant point on the isoquant.
  c. the slope of the isoquant at the relevant point.
  d. the negative of the slope of the isoquant at the relevant point.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Silverbeard98

  • Sr. Member
  • ****
  • Posts: 355
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

d


asmith134

  • Member
  • Posts: 576
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

cassie_ragen

  • Member
  • Posts: 347
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

The structure and function of the human testis. The structure and function of the human testis.
Production of Saliva Production of Saliva
Histone and pol II CTD modifications as a function of gene position Histone and pol II CTD modifications as a function of gene position
Periodic Function p1 Periodic Function p1
Use Fleury’s algorithm to determine Euler Circuit in the following graph. Exhibit exactly one ... Use Fleury’s algorithm to determine Euler Circuit in the following graph. Exhibit exactly one ...
At 34.5°C, oxygen gas expands from 34.5 L to 45.7 L against a constant pressure of 750 mmHg. ... At 34.5°C, oxygen gas expands from 34.5 L to 45.7 L against a constant pressure of 750 mmHg. ...
Video: Stroke volume - contractility definition

For a complete list of videos, visit our video library