For Any Constant Returns Production Function, the Isoquants for Q

question 44

Multiple Choice

For any constant returns production function, the isoquants for Q = 1, Q = 2, Q = 3, etc. will

• A)all be inversely proportional to the inputs.
• B)exhibit diminishing returns in the long run.
• C)be straight lines.
• D)be equally spaced, in that the distance between Q = 1 and Q = 2 is the same as Q = 2 and Q = 3, etc.

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Definitions:

Homeostasis

The process through which living organisms naturally regulate themselves to keep stable while adapting to the best conditions for their survival.

Senescence

The biological process of aging, characterized by a gradual decline in the functional capacity of an organism's cells, tissues, and organs.

Diathesis

An inclination or susceptibility toward the development of mental health conditions, shaped by genetic, biological, or external influences.

Homeostatic Adjustment

The process by which living organisms regulate their internal environment to maintain stable, life-sustaining conditions.