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.

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Definitions:

In-group Dynamics

The interactions and relationships within a closely connected group, influencing members' behavior and attitudes.

Out-group Dynamics

Refers to the social and psychological phenomena associated with individuals or groups perceiving themselves as distinct or separate from another group, often leading to prejudice or rivalry.

High Schools

Educational institutions providing secondary education to adolescents, typically offering grades 9 through 12.

Functionalist

A perspective in sociology and anthropology that interprets society as a structure with interrelated parts designed to meet the biological and social needs of individuals that make up that society.