Fixed Proportions Production Functions Always Have

question 4

Multiple Choice

Fixed proportions production functions always have:

• A)varying returns to scale.
• B)constant returns to scale.
• C)increasing returns to scale.
• D)decreasing returns to scale.

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Definitions:

Named

Designated or given a specific title.

Shape

The external form, contours, or outline of an object or figure.

Brachioradialis

A muscle of the forearm that flexes the forearm at the elbow.

Orientation

The awareness of the relationship between oneself and one's environment, including identity, location, and time.