Solved

The Production Function Q = -64X0.5Y0.4 Exhibits

Question 1

Multiple Choice

The production function Q = -64X0.5Y0.4 exhibits:

A) constant returns to scale.
B) increasing returns to scale.
C) diminishing returns to scale.
D) increasing and then diminishing returns to scale.

Related Questions

Q2: An irrational employment policy is indicated if

Q3: Technical efficiency and optimal input proportions are

Q4: For a continuous total product function, average

Q5: The marginal revenue product concept describes the:<br>A)profit

Q6: If PX = €75,000, MPX = 300

Q7: Economic efficiency and optimal input use is

Q8: The law of diminishing returns implies that:<br>A)a

Q9: When PX = €50, MPX = 5

Q10: If PX = €60,000, MPX = 300