Multiple Choice
Unit costs are always constant if:
A) input prices are constant.
B) the total cost function is linear.
C) constant returns to scale are operative.
D) input prices are constant and the total cost function is linear.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q1: A negative value for a given slack
Q2: If a linear programming problem involves the
Q4: Combinations of products that generate the same
Q5: When the costs of all inputs rise
Q6: For costs to be a linear function
Q7: When the objective function coincides with the
Q8: When the primal LP problem is to
Q9: Slack variables:<br>A) allow constraint equations to be
Q10: If the capital slack variable = 0,
Q11: If X > 0 in the primal