« previous next »

Author Question: If the isoquants are straight lines, then A) inputs have fixed costs at all use rates. B) the ... (Read 166 times)

sdfghj

  • Hero Member
  • *****
  • Posts: 552
on: Jul 1, 2018
If the isoquants are straight lines, then
 
  A) inputs have fixed costs at all use rates.
  B) the marginal rate of technical substitution of inputs is constant.
  C) only one combination of inputs is possible.
  D) there are constant returns to scale.

Question 2

See Scenario 4.5. As the price of grilled cheese sandwiches decreases, the price elasticity of demand:
 
  A) increases.
  B) does not change.
  C) decreases.
  D) none of the above


Melissahxx

  • Sr. Member
  • ****
  • Posts: 304
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

The anatomical position: standing erect, gazing straight ahead, arms down at sides, palms facing for The anatomical position: standing erect, gazing straight ahead, arms down at sides, palms facing for
Economic Costs of CVD Economic Costs of CVD
Fixed bed state (i) and complete fluidization (ii) Fixed bed state (i) and complete fluidization (ii)
How to find the point of intersection of two straight lines by graphing How to find the point of intersection of two straight lines by graphing
Saving Rates by Income Quintile, 2003 Saving Rates by Income Quintile, 2003
The path of a race car is shown. What is the straight distance from the start to the finish to ... The path of a race car is shown. What is the straight distance from the start to the finish to ...
Video: Exocytosis - secretion

For a complete list of videos, visit our video library