Author Question: According to the table above, clothing production exhibits A) decreasing returns to scale. B) ... (Read 89 times)

burchfield96

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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

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Answer to Question 1

B

Answer to Question 2

A



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