A Fixed-Proportion Production Function Has Isoquants That Are

question 6

Multiple Choice

A fixed-proportion production function has isoquants that are

• A)almost flat (i.e.,the isoquants are almost straight lines).
• B)L-shaped.
• C)normally shaped (rectangular hyperbolas).
• D)None of the above.

---

Definitions:

Social Work Practice

The professional activity of helping individuals, families, groups, and communities to enhance or restore their capacity for social functioning.

Planning Strategies

Approaches and methods used in preparing for future action, especially in business, government policy, and personal objectives.

Pros And Cons

The advantages (pros) and disadvantages (cons) of a particular decision, situation, or system, considered when making a choice.

Consistent

Showing steady conformity to a particular pattern, standard, or set of rules over time.