A Firm Has the Production Function F(x, Y)= X⁰

question 51

Multiple Choice

A firm has the production function f(x, y) = x^0.90y^0.80.This firm has

• A)constant returns to scale.
• B)decreasing returns to scale and diminishing marginal products for factor x.
• C)decreasing returns to scale and increasing marginal product for factor x.
• D)increasing returns to scale and decreasing marginal product of factor x.
• E)None of the above.

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Definitions:

Customer Service

The support and assistance provided by a company to those people who buy or use its products or services.

Employee Satisfaction

The level of contentment and positive feelings employees have towards their job and workplace environment.

Workplace Morale

The overall outlook, attitude, satisfaction, and confidence that employees feel at work.

States of Anxiety

Various levels or intensities of anxiety, ranging from mild uneasiness to severe panic, which affect a person’s mental and physical well-being.