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

question 2

Multiple Choice

A firm has the production function f(x, y) = x^1.10y¹. This firm has

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

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Definitions:

Escherichia Coli

A common bacterium found in the intestines of humans and animals, some strains of which can cause food poisoning.

Serious

Serious implies a state or condition of great importance, gravity, or criticalness that demands careful consideration or attention.

"The Drip"

A colloquial term often referring to gonorrhea, a sexually transmitted infection characterized by the discharge of pus from the genitals.

Gonorrhea

A sexually transmitted infection caused by the Neisseria gonorrhoeae bacterium, often resulting in genital, rectal, and throat infections.