Business

Kenley Hayden

16 April, 05:55

Use the following statements to answer this question:

I. We cannot measure the returns to scale for a fixed-proportion production function.

II. Production functions with inputs that are perfect substitutes always exhibit constant

returns to scale.

A) I and II are true.

B) I is true and II is false.

C) II is true and I is false.

D) I and II are false.

+4

Answers (1)

Know the Answer?

Not Sure About the Answer?

Get an answer to your question ✅ “Use the following statements to answer this question: I. We cannot measure the returns to scale for a fixed-proportion production function. ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.

Search for Other Answers

You Might be Interested in

Suppose you are a risk-neutral manager attempting to hire a new sales manager. All of the workers in the market have the same ability to manage and sell, but they differ with respect to the wage at which they are willing to work for your company.

Cost of goods manufactured is calculated as follows: (A) Direct materials used + direct labor + manufacturing overhead - ending WIP - beginning WIP. (B) Beginning WIP + direct materials used + direct labor + manufacturing overhead - ending WIP.

Consider the market for university economics professors. Suppose the opportunity cost of going to graduate school to get a Ph. D. in economics increases for many individuals. Suppose it generally takes about five years to get a Ph. D. in economics.

Suppose in a recent quarter, Alliance Atlantis Communications Inc. reported net cash provided by operating activities of $45,600,000 and revenues of $264,800,000. Cash spent on plant asset additions during the quarter was $1,600,000.

You and gary enter a contract where you will receive $1,000 if you tamper with a slot machine in the "bye-bye bucks casino" in las vegas so that gary can make it pay out a jackpot whenever he wants it to.

New Questions in Business

Interest can be regarded as the Group of answer choices a. dollar amount of loanable funds that a person borrows to invest in a capital good. b. rate that a lender receives for the use of the lender's loanable funds. c.

Supply base rationalization:A. explains why a particular supplier has been chosen for a particular requirement. B. is an attempt to reduce the total number of suppliers to an organization. C. is an excuse by a supplier for poor delivery. D.

The American Cancer Society has been sending letters soliciting donations for years. When they added pre-printed address labels personalized as a gift to the receiver of the solicitation, donation levels went up by 30%.

Nuclear Company's costs were over budget by $25,200. The company is divided into Left and Right regions. The Left Region's costs were under budget by $1,500. Determine the amount that the Right Region's costs were over or under budget.

What is the role of the Office of the Comptroller of the Currency? 1. it adjusts the interest rates for loans. 2. it ensures all financial institutions follow banking laws. 3. It protects up to $250,000 of customer deposits. 4.