For Any Homothetic Production Function

question 89

Multiple Choice

For any homothetic production function:

• A)the output- expansion path is convex.
• B)the output- expansion path is linear.
• C)isoquants share a common point.
• D)the output- expansion path passes through the origin of the input space.

---

Definitions:

Convert

To change something into a different form or format, often to make it compatible with a different system or to serve a new purpose.

Conditional Expressions

Logical statements in programming that execute different actions depending on whether a specified condition is true or false.

After Update

An event or trigger in database and application programming that occurs immediately following the update of a record or data entry.

Table Macro

A predefined set of operations in software to automate tasks within a table, such as formatting or data insertion.