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

Author Question: If we take the production function and hold the level of output constant, allowing the amounts of ... (Read 148 times)

123654777

  • Hero Member
  • *****
  • Posts: 585
on: Jul 1, 2018
If we take the production function and hold the level of output constant, allowing the amounts of capital and labor to vary, the curve that is traced out is called:
 
  A) the total product.
  B) an isoquant.
  C) the average product.
  D) the marginal product.
  E) none of the above

Question 2

When the snob effect exists, a change in price is likely to
 
  A) change total revenue less than if there were no network externalities.
  B) change total revenue more than if there were no network externalities.
  C) change total revenue the same amount as if there were no network externalities.
  D) not change total revenue at all.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bpool94

  • Sr. Member
  • ****
  • Posts: 354
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

A


123654777

  • Hero Member
  • *****
  • Posts: 585
Reply #2 on: Jul 1, 2018
Thank you :)


bpool94

  • Sr. Member
  • ****
  • Posts: 354
Reply #3 on: Jul 1, 2018
Happy to help you


« previous next »
 

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

An analogy for how cardiac output, resistance, and blood pressure are related. An analogy for how cardiac output, resistance, and blood pressure are related.
Passive touch on shoulders to end. Hold for 5 to 10 seconds. Passive touch on shoulders to end. Hold for 5 to 10 seconds.
Oxygen affinity of hemoglobin as a function of pH Oxygen affinity of hemoglobin as a function of pH
How to reflect the quadratic function relative to the x-axis How to reflect the quadratic function relative to the x-axis
Modern Predication of Peak in Global Oil Production Modern Predication of Peak in Global Oil Production
World Mean Sea-Level Temperatures in January World Mean Sea-Level Temperatures in January
Video: Multiple Sclerosis Animation

For a complete list of videos, visit our video library