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:

Overseas Vendors

Suppliers or manufacturers located in different countries from where the buyer is based, contributing to the global supply chain.

Plumbing Supplies

Tools, equipment, and materials used in plumbing work, including pipes, fittings, faucets, and fixtures necessary for the installation or repair of water supply and waste disposal systems.

Accessibility

The quality of being easy to approach, reach, enter, or use for people with disabilities.

Shipment Destination

The final place where a shipment is to be delivered or the address where goods are sent.