A Firm Has the Production Function F(x, Y) = X¹

question 27

Multiple Choice

A firm has the production function f(x, y) = x^1.40y¹. This firm has

• A) decreasing returns to scale and diminishing marginal products for factor x.
• B) increasing returns to scale and decreasing marginal product of factor x.
• C) decreasing returns to scale and increasing marginal product for factor x.
• D) constant returns to scale.
• E) None of the above.

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Definitions:

Caloric Needs

The amount of energy, measured in calories, that a person requires to maintain bodily functions and support daily activities.

Overeating

Consumption of more food than the body needs for energy, often leading to weight gain and potentially obesity.

Ovarian Cancer

A type of cancer that begins in the ovaries, which are the female reproductive glands that produce eggs (ova) as well as the hormones estrogen and progesterone.

Infertility

The inability to conceive a child after a year or more of regular sexual intercourse without the use of birth control.