A Variable Input in a Fixed- Proportions Production Function Exhibits

question 83

Multiple Choice

A variable input in a fixed- proportions production function exhibits:

• A)diminishing marginal productivity everywhere.
• B)positive, constant, or zero marginal productivity.
• C)diminishing and then constant marginal productivity.
• D)constant and then falling marginal productivity.

---

Definitions:

Vote Trading

A practice where members of a legislative body agree to vote for each other's proposed legislation or amendments.

Public Project

A public project involves initiatives or works undertaken by the government meant to benefit the public by providing essential services, infrastructure, or amenities.

Marginal Benefit

The gain in pleasure or value received from the consumption of one more unit of a good or service.

Public Project

A project typically financed and operated by the government designed to serve the public interest or provide a public good.