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 85 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

kilada

  • Member
  • Posts: 311
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Examples of four different types of cells from the body. Although each cell has a cell membrane, nuc Examples of four different types of cells from the body. Although each cell has a cell membrane, nuc
Saffir-Simpson Scale (Hurricane Intensity Scale) Saffir-Simpson Scale (Hurricane Intensity Scale)
How to plot a sine function containing an amplitude and phase shift (Question 1 of 3) How to plot a sine function containing an amplitude and phase shift (Question 1 of 3)
How to find the anti-derivative of a function (Part 1) How to find the anti-derivative of a function (Part 1)
Four-point scale for grading edema Four-point scale for grading edema
Production of ATP in Skeletal Muscle Production of ATP in Skeletal Muscle
Video: Burn Animation

For a complete list of videos, visit our video library