Decreasing returns to scale production functions must be concave.
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Q3: All economically efficient production plans are technologically
Q4: Just as indifference maps represent consumer tastes,
Q5: If a production technology has diminishing marginal
Q6: Increasing returns to scale production technologies cannot
Q7: Assuming an interior solution, a production plan
Q9: Profit is constant along an isoquant.
Q10: Changing the labels on isoquants without changing
Q11: Quasiconcave production functions give rise to convex
Q12: Output prices are irrelevant for a firm
Q13: If production technologies are homothetic, all cost-minimizing
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