A Firm Has the Production Function F(x, Y) = X⁰

question 7

Multiple Choice

A firm has the production function f(x, y) = x^0.90y^0.80. This firm has

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

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Definitions:

mg

An abbreviation for milligram, a unit of mass equal to one thousandth of a gram.

mL

Milliliter, a metric unit of volume equal to one thousandth of a liter.

Drug Concentration

The amount of drug present in a given volume or mass of solution or tissue, impacting its effectiveness and safety.

Estimated Dose

A calculated approximation of the amount of a drug or substance required for a specific therapeutic effect in a patient, considering various factors.