A Production Function May Exhibit

question 36

Multiple Choice

A production function may exhibit

• A)constant returns to scale and diminishing marginal productivities to all inputs.
• B)constant returns to scale and diminishing marginal productivities to all but one input,but at least one input must have a constant marginal productivity.
• C)constant returns to scale and diminishing marginal productivity to at most one input.
• D)constant returns to scale and diminishing marginal productivities for no inputs.

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Definitions:

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