This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A fixed-proportion production function has isoquants that are a. almost flat (i.e., the isoquants ... (Read 64 times)

mcmcdaniel

  • Hero Member
  • *****
  • Posts: 550
on: Jul 1, 2018
A fixed-proportion production function has isoquants that are
 a. almost flat (i.e., the isoquants are almost straight lines).
  b. L-shaped.
  c. normally shaped (rectangular hyperbolas).
  d. None of the above.

Question 2

If, as a result of doubling all its inputs, a firm can more than double its output, the firm's production function exhibits
 a. constant returns to scale.
  b. increasing returns to scale.
  c. decreasing returns to scale.
  d. increasing marginal productivity to at least one input.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

livaneabi

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

b


mcmcdaniel

  • Member
  • Posts: 550
Reply 2 on: Jul 1, 2018
:D TYSM

deja

  • Member
  • Posts: 332
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

How to use L’Hospital’s Rule to find the limit of a function (Part 3) How to use L’Hospital’s Rule to find the limit of a function (Part 3)
The Survivorship Function for Women in Sweden The Survivorship Function for Women in Sweden
A Production Function with Diminishing Marginal Product of Capital A Production Function with Diminishing Marginal Product of Capital
Testing motor function of cranial nerve VII - Show teeth Testing motor function of cranial nerve VII - Show teeth
The Means and Extremes of a Proportion The Means and Extremes of a Proportion
Determine if each function is continuous, If the function is not continuous, find the x-axis Determine if each function is continuous, If the function is not continuous, find the x-axis
Video: Female Reproductive System - Hormonal regulation (GnRH) الجهاز التناسلي للأنثى - التنظيم الهرموني

For a complete list of videos, visit our video library