A Firm Has the Production Function F(x, Y)= X¹

question 20

Multiple Choice

A firm has the production function f(x, y) = x^1.40y^1.90.This firm has

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

---

Definitions:

Electronic Document

A document that is produced, stored, and transmitted in a digital format.

Requirement Of Written Documents

Legal stipulation that certain agreements, contracts, or transactions be documented in writing to be enforceable or valid.

Consideration

The value (such as money, service, or goods) promised to another when making a contract.

Binding Contract

A legally enforceable agreement between two or more parties that is binding in a court of law.