Use the Following to Answer Questions

question 34

Multiple Choice

Use the following to answer questions :
Table 6-1
-Suppose that production were represented by the production function displayed in Table 6-1 above.You would conclude that:

• A)land displayed diminishing returns.
• B)labor displayed diminishing returns.
• C)production displayed constant returns to scale.
• D)all of the above were true.
• E)none of the above were true.

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Definitions:

Explanation

The process of making something clear or easy to understand by describing or giving details about it.

Electrical Wiring

A system of conductors and devices that transport electrical power or signals.

Explanation

A statement or account that makes something clear by describing the relevant structure, mechanism, or reasons.

Argument

A sequence of statements or reasoning aimed to demonstrate a position as true or logically sound.