A Firm Has the Production Function F(x, Y)=x¹

question 30

Multiple Choice

A firm has the production function f(x, y) =x^1.10y^1.30.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)constant returns to scale.
• D)decreasing returns to scale and increasing marginal product for factor x.
• E)None of the above.

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Definitions:

Electroconvulsive Therapy

A psychiatric treatment in which seizures are electrically induced in patients to relieve severe mental disorders.

Systematic Desensitization

A technique used in behavior therapy to treat phobias and other behavior problems involving anxiety, by gradually exposing the patient to the anxiety-producing stimulus in a controlled environment.

Closed Places

Spaces or environments that are physically restricted, enclosed, or not open to the surrounding area or the public.

Guns

Firearms designed to discharge projectiles at high speed, commonly used for defense, hunting, and sports shooting, as well as, unfortunately, in violence.