Which of the Following Is Not a Production Assumption for Competitive

question 10

Multiple Choice

Which of the following is not a production assumption for competitive general equilibrium models?

• A)Isoquants are smooth.
• B)Isoquants are positively sloped.
• C)Production involves no externalities.
• D)Isoquants are convex.

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Definitions:

Transference

A psychoanalytic concept where feelings, desires, and expectations of one person are redirected and applied to another person, often in a therapeutic setting.

Unconscious Material

Content of the mind that is outside of conscious awareness, including desires, thoughts, and memories, which can influence behavior and perceptions.

Ego

In psychoanalysis, it represents the part of the personality that mediates between the conscious and unconscious aspects of oneself and is responsible for reality testing and a sense of personal identity.

Id's Drives

Fundamental, unconscious urges and desires, often related to survival and pleasure, according to Freudian psychoanalytic theory.