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Author Question: If you are running a winery and you need one bottle for every 750ml of wine, then your production ... (Read 27 times)

leo leo

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on: Jul 1, 2018
If you are running a winery and you need one bottle for every 750ml of wine, then your production function
 
  A) is inefficient.
  B) is considered fixed-proportion.
  C) will have a diminishing marginal rate of technical substitution.
  D) has downward-sloping, straight line isoquants.

Question 2

The producers of externalities prefer _____ to _____.
 
  a. corrective taxation; regulation
  b. regulation; subsidization
  c. competition; subsidization
   d. regulation; corrective taxation


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nathang24

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Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

d


leo leo

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

robbielu01

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Reply 3 on: Yesterday
Excellent

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