Suppose the Production Function for Good Q Is Given by

question 10

Multiple Choice

Suppose the production function for good q is given by
Where k and l are capital and labor inputs.Consider three statements about this function:
I.the function exhibits constant returns to scale.
II.the function exhibits diminishing marginal productivities to all inputs.
III.the function has a constant rate of technical substitution.
Which of these statements is true?

• A)All of them
• B)None of them
• C)I and II but not III
• D)I and III but not II

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Definitions:

Intrusive Thoughts

Unwelcome, involuntary thoughts, images, or unpleasant ideas that may become obsessions, are upsetting or distressing, and can be difficult to manage or eliminate.

Obsession

Persistent, intrusive, and unwanted thoughts or impulses that cause distress or anxiety.

Contamination

The presence of unwanted substances or impurities in a material, environment, or organism, leading to possible harm.

Anxiety

A sense of agitation, nervous tension, or unease, commonly about a forthcoming occurrence or something with an unknown conclusion.