« previous next »

Author Question: If the isoquants are straight lines, then A) inputs have fixed costs at all use rates. B) the ... (Read 114 times)

sdfghj

  • Hero Member
  • *****
  • Posts: 552
on: Jul 1, 2018
If the isoquants are straight lines, then
 
  A) inputs have fixed costs at all use rates.
  B) the marginal rate of technical substitution of inputs is constant.
  C) only one combination of inputs is possible.
  D) there are constant returns to scale.

Question 2

See Scenario 4.5. As the price of grilled cheese sandwiches decreases, the price elasticity of demand:
 
  A) increases.
  B) does not change.
  C) decreases.
  D) none of the above


Melissahxx

  • Sr. Member
  • ****
  • Posts: 304
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Secondary intravenous lines: (a) a tandem intravenous alignment Secondary intravenous lines: (a) a tandem intravenous alignment
Worldwide Mortality Rates and Causes of Death in Children Under Age 5 Worldwide Mortality Rates and Causes of Death in Children Under Age 5
Spring for the Crane and Deer. Beginning position: Legs straight and together, arms at sides of ... Spring for the Crane and Deer. Beginning position: Legs straight and together, arms at sides of ...
Saving Rates by Income Quintile, 2003 Saving Rates by Income Quintile, 2003
Sadie is going to see a movie and is taking her four kids. each movie ticket costs $15 and ... Sadie is going to see a movie and is taking her four kids. each movie ticket costs $15 and ...
What is the minimum number of straight, continuous lines that are necessary to c What is the minimum number of straight, continuous lines that are necessary to c
Video: Interview with an Anorexic Woman (Part 1 of 2)

For a complete list of videos, visit our video library