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Author Question: A production function in which the inputs are perfectly substitutable would have isoquants that are ... (Read 102 times)

mspears3

  • Hero Member
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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

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  • Posts: 345
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

B


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