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

These are the most common type of mortgage-backed securities established by the tax reform act of 1986.

What is a word to describe money used to buy stocks that may provide substantial future profits

John, age 25, is a full-time student at a state university. John lives with his unmarried sister, Ann, who provides over half of his support. His only income is $4,200 of wages from a part-time job at the college book store.

A company requires 220 pounds of plastic to meet the production needs of a product. It currently ventory for the beginning inventory. The desired ending inventory of 25 pounds of plastic in plasie is 70 pounds.

Which statement does not accurately describe a characteristic of cash value for whole life insurance?

New Questions in Business

In 1990, Roche, a Swiss pharmaceutical company, initially invested $2.1 billion to purchase a controlling interest in the biotech startup Genentech.

Five years ago, Weed Go Inc. earned $1.50 per share. Its earnings this year were $3.20. What was the growth rate in earnings per share (EPS) over the 5-year period? Group of answer choices a. 18.94% b. 18.04% c. 16.36% d. 17.18% e. 15.54%

The starting salaries of individuals with an MBA degree are normally distributed with a mean of $40,000 and a standard deviation of $5,000. Refer to Exhibit 6-4.

E. If the market price of wheat instead falls to $20.00 per bushel, how much wheat will Ali choose to produce per month in order to maximize his profits in the short run?

Constantine purchased 100 shares of IBM stock several years ago for $150 per share. The price of these shares has fallen to $55 per share. Constantine's investment strategy is "buy low, sell high.