A Firm Has the Production Function F(X, Y)= X ^1/2

question 24

Multiple Choice

A firm has the production function f(X, Y) = X ^1/2 Y ^1/2, where X is the amount of factor x used and Y is the amount of factor y used.On a diagram we put X on the horizontal axis and Y on the vertical axis.We draw some isoquants.Now we draw a straight line on the graph and we notice that wherever this line meets an isoquant, the isoquant has a slope of 23.The straight line we drew

• A)is vertical.
• B)is horizontal.
• C)is a ray through the origin with slope 3.
• D)is a ray through the origin with slope 4.
• E)has a negative slope.

Examine the characteristics and legal considerations of various types of endowments and funds within nonprofit organizations.

Understand the fundamental principles of attribution theory.

Distinguish between dispositional and situational attributions.

Describe Kelley's covariation model of attribution.

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Definitions:

Cash Dividend

A payment made by a company out of its profits to its shareholders in cash, typically on a regular basis.

Treasury Stock

Shares that were once part of the outstanding shares and have been bought back by the issuing company, reducing the amount of stock on the open market.

Common Stock

Equity shares that represent a form of corporate ownership, entitling the shareholder to a share of the company's success through dividends and or capital appreciation.

Stock Split

A corporate action that increases the number of shares in a company, reducing the price per share without changing the market capitalization.