Solved

Suppose Tariq's Body Shop Operates with the Production Function Y

Question 30

Multiple Choice

Suppose Tariq's body shop operates with the production function y = (1200z₁z₂) ^1/2. Tariq's production function exhibits

A) decreasing returns to scale
B) scale production cannot be determined
C) increasing returns to scale
D) constant returns to scale

Related Questions

Q25: An isocost line is defined as the

Q26: When long run average costs reach their

Q27: If the price of just one input

Q28: If a firm's production function is f(z1,z2)=

Q29: If the production function is f(z1,z2)= min(z1,z2)and

Q31: If a firm is producing at minimum

Q32: Increasing returns to scale are said to

Q33: If the MRTS is constant: A)the inputs are

Q34: A manufacturing firm uses only capital (K)and

Q35: If a firm's cost functions fit the