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.

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Definitions:

Sexual Abuse

Unwanted or forced sexual activity, often used as a means to exert power and control over the victim.

Avoidance

A behavior or strategy employed to distance oneself from uncomfortable thoughts, feelings, situations, or interactions.

PTSD

Post-Traumatic Stress Disorder, a psychiatric disorder that may occur in people who have experienced or witnessed a traumatic event.

PTSD

Post-Traumatic Stress Disorder is a psychological disorder caused by being exposed to or seeing a horrifying event.