According to the table above, clothing production exhibits A) decreasing returns to scale. B) ...

Author Question: According to the table above, clothing production exhibits A) decreasing returns to scale. B) ... (Read 47 times)

burchfield96

Hero Member
Posts: 610

on: Jul 1, 2018

According to the table above, clothing production exhibits

A) decreasing returns to scale.
B) constant returns to scale.
C) increasing returns to scale.
D) varying returns to scale.

Question 2

All of the following utility functions rank bundles (q1,q2 ) in the same order except for which one?

A) q11/2 + q21/2
B) q11/2 q21/2
C) ln(q1 ) + ln(q2 )
D) All of the above rank bundles (q1,q2 ) in the same order

allisonblackmore

Sr. Member
Posts: 330

Reply #1 on: Jul 1, 2018

Answer to Question 1

B

Answer to Question 2

A

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