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:

Element

(1) One of the basic building blocks of nature. An atom is the smallest part of an element; (2) One part of a group of devices.

Properties

Characteristics or qualities that something possesses, such as physical, chemical, or biological traits.

Positive Charge

A type of electric charge carried by protons and indicative of a deficiency of electrons.

Proton

A subatomic particle found in the nucleus of an atom, carrying a positive electrical charge.