A Production Function May Exhibit

question 28

Multiple Choice

A production function may exhibit

• A) Constant returns to scale and diminishing marginal productivities to all inputs.
• B) Constant returns to scale and diminishing marginal productivities to all but one input, but at least one input must have a constant marginal productivity.
• C) Constant returns to scale and diminishing marginal productivity to at most one input.
• D) Constant returns to scale and diminishing marginal productivities for no inputs.

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Definitions:

Statistical Relationship

A connection between two or more variables, where changes in one variable are associated with changes in another, as determined through statistical analysis.

Correlation Coefficients

Statistical measures that describe the size and direction of a relationship between two or more variables.

Weakest Degree

Refers to the most minimal or lowest level of intensity in any given scale or measurement.

Relationship

A connection, association, or involvement between people, which can range from friendships and family ties to romantic and professional interactions.