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

Author Question: A production function may exhibit a. constant returns to scale and diminishing marginal ... (Read 45 times)

asmith134

  • Hero Member
  • *****
  • Posts: 576
on: Jul 1, 2018
A production function may exhibit
 a. constant returns to scale and diminishing marginal productivities to all inputs.
  b. constant returns to scale and diminishing marginal productivities to all but one input, but at least one input must have a constant marginal productivity.
  c. constant returns to scale and diminishing marginal productivity to at most one input.
  d. constant returns to scale and diminishing marginal productivities for no inputs.

Question 2

A firm's rate of technical substitution is represented graphically by
 a. the slope of the line connecting the origin with the relevant point on the isoquant.
  b. the negative of the slope of the line connecting the origin with the relevant point on the isoquant.
  c. the slope of the isoquant at the relevant point.
  d. the negative of the slope of the isoquant at the relevant point.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Silverbeard98

  • Sr. Member
  • ****
  • Posts: 355
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

d


asmith134

  • Member
  • Posts: 576
Reply 2 on: Jul 1, 2018
Excellent

komodo7

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Primary production is constrained by the most limiting factor. Primary production is constrained by the most limiting factor.
Great Britain Production of Glass 1800s Great Britain Production of Glass 1800s
How to determine if a function is even or odd How to determine if a function is even or odd
Prove that each of the following real functions f has a discontinuity. For each function, ... Prove that each of the following real functions f has a discontinuity. For each function, ...
Use Implicit Differentiation to solve this function Use Implicit Differentiation to solve this function
No gene interaction in the production of feather color in budgerigar parakeets No gene interaction in the production of feather color in budgerigar parakeets
Video: Introduction to filtration - filtrate formation and composition

For a complete list of videos, visit our video library