Determine Whether the Equation Defines Y as a Function of X

question 104

Multiple Choice

Determine whether the equation defines y as a function of x.
- $$y = x ^ { 2 }$$

• A) \(y\) is a function of \(x\)
• B) \(y\) is not a function of \(x\)

---

Definitions:

Fixed-Proportion

A production situation where input factors must be combined in rigidly specified quantities, without the flexibility to substitute one input for another.

Production Function

A mathematical representation that shows the relationship between input factors and the output of a product or service.

Production Process

The series of steps and activities involved in transforming raw materials into finished goods or services.

MRTS

The Marginal Rate of Technical Substitution; the rate at which a firm can substitute one input for another while keeping the level of output constant.