A Variable- Proportions Production Function Is One in Which

question 91

Multiple Choice

A variable- proportions production function is one in which:

• A)increasing the use of an input requires decreasing another by the same amount.
• B)more of one input can be substituted for less of another.
• C)isoquants are smooth.
• D)inputs are perfect substitutes.

---

Definitions:

Black Laws

Legislation passed in the United States during the 19th century, particularly in the North, that restricted the freedoms and rights of African Americans.

Midwestern States

A group of states in the central and northern portions of the United States known for their agricultural and industrial output.

Black Hawk War

The Black Hawk War was a brief conflict in 1832 between the United States and Native American forces led by Black Hawk, a Sauk leader.

Old Northwest

A historical term referring to the territory in the north-central United States that was covered by the 1787 Northwest Ordinance, including what is now Ohio, Indiana, Illinois, Michigan, Wisconsin, and part of Minnesota.