A production function in which the inputs are perfectly substitutable would have isoquants that are ...

Author Question: A production function in which the inputs are perfectly substitutable would have isoquants that are ... (Read 93 times)

mspears3

Hero Member
Posts: 586

on: Jul 1, 2018

A production function in which the inputs are perfectly substitutable would have isoquants that are

A) convex to the origin.
B) L-shaped.
C) linear.
D) concave to the origin.

Question 2

A perpetuity for sale at 100,000 that promises a yearly payment of 5,000 has an effective yield of

A) 2.
B) 5.
C) 20.
D) 50.
E) 2,000.

l.stuut

Sr. Member
Posts: 345

Reply #1 on: Jul 1, 2018

Answer to Question 1

C

Answer to Question 2

B

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