Use the Following Statements to Answer This Question: I

question 44

Multiple Choice

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.

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Definitions:

Bank Service Charge

Fees charged by a bank for account services, such as account maintenance, transactions, and other banking services.

Outstanding Checks

Checks that have been issued and recorded in the account ledger but have not yet been cashed or cleared by the bank.

Checks Cleared

A term indicating that checks issued have been presented and successfully processed by a bank, deducting the amount from the payer's account.

Checks Written

Refers to checks that a company or individual has written and issued but which have not yet been cashed or cleared through the banking system.