A Firm Has a Production Function F(x, Y)= 1

question 19

Multiple Choice

A firm has a production function f(x, y) = 1.80(x^0.80 +y^0.80) ¹ whenever x > 0 and y > 0.When the amounts of both inputs are positive, this firm has

• A)increasing returns to scale.
• B)constant returns to scale.
• C)decreasing returns to scale.
• D)increasing returns to scale if x + y > 1 and decreasing returns to scale otherwise.
• E)increasing returns to scale if output is less than 1 and decreasing returns to scale if output is greater than 1.

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Definitions:

Egoentric Experience

A perspective where an individual interprets the world solely from their own viewpoint, often neglecting the perspectives of others.

Objectified Others

The perception of other people as objects or instruments for one's own purposes, rather than as individuals with their own autonomy.

I-Thou Relationships

A philosophical concept describing relationships that are based on mutual respect, openness, and genuine dialogue, as opposed to viewing others as objects.

Here-And-Now

A focus in therapy that emphasizes awareness of the current moment, feelings, and thoughts without dwelling on the past or future.