A Firm Uses 3 Factors to Produce Its Output

question 28

Multiple Choice

A firm uses 3 factors to produce its output. Its production function is f(x, y, z) = min{ , y², }. If the amount of each input is multiplied by 3, its output will be multiplied by

• A) 0.30.
• B)3
• C)9
• D)27
• E) The answer depends on the original choice of x, y, and z.

Understand the specific rules and exceptions regarding the assignment of future wages and partial assignments.

Understand the concept of delegation and the role of a delegator.

Identify the effects of contract provisions on the assignment and delegation under the UCC.

Explain the formation and rights of a third-party beneficiary in a contract.

---

Definitions:

Bulbourethral Glands

Small glands in the male reproductive system that produce a pre-ejaculate fluid to lubricate the urethra for sperm to pass through.

Oogenesis

Formation and development of a secondary oocyte or ovum.

Spermatogenesis

The process of sperm cell development, occurring in the male reproductive organs.

Functional Gametes

Mature reproductive cells (sperm in males and ova in females) that are capable of participating in fertilization to produce an embryo.