For a constant returns to scale production function:
a. marginal costs are constant but the average cost curve has a U-shape.
b. both average and marginal costs are constant.
c. marginal cost has a U-shape; average costs are constant.
d. both average and marginal cost curves are U-shaped.
Question 2
An efficient customer sorting rule is one in which
a. customers with high willingness to pay secure the discounted goods
b. customers are rationed randomly between the discounted and full price goods
c. no customer purchase below her willingness to pay
d. customers with the lowest willingness to pay secure the discount goods
e. brand loyalty allows the incumbent to retain its regular customers
Schematic of the Earth–Moon system (without a consistent scale)
A Structure/Function Label Claim
The Survivorship Function for Women in Sweden
Four-point scale for grading edema
Function divisions of nervous system
Reciprocal function