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

question 11

Multiple Choice

A firm has the production function f(x, y) = x^1.20y². This firm has

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

---

Definitions:

Socialization

The process by which individuals learn and adopt the norms, values, behavior, and social skills appropriate to their society.

Assimilation

The process by which individuals or groups adopt the culture, customs, and attitudes of another group, losing their original identity.

Residentially Mobile

Refers to individuals or populations that frequently relocate from one dwelling place or community to another.

Collectivistic

A social pattern that emphasizes interdependence and the priorities of the group over individual achievements.