A Farmer Uses M Units of Machinery and L Hours

question 72

Multiple Choice

A farmer uses M units of machinery and L hours of labor to produce C tons of corn, with the following production function C = L^0.5 + M^0.75. This production function exhibits

• A) decreasing returns to scale for all output levels.
• B) constant returns to scale for all output levels.
• C) increasing returns to scale for all output levels.
• D) no clear pattern of returns to scale.

---

Definitions:

Index Finger

The second digit of the human hand, located between the thumb and the middle finger, often used for pointing.

Sensory Interaction

The theory that senses can impact each other, for instance, how the aroma of food can improve its flavor.

Dissociation

An emotional state where an individual experiences a detachment from their own thoughts, emotions, memories, or personal identity.

Consciousness

Our subjective awareness of ourselves and our environment.