For a fixed proportion production function,at the vertex of any of the (L-shaped) isoquants the marginal productivity of either input is
A) constant
B) zero.
C) negative.
D) a value that cannot be determined.
Correct Answer:
Verified
Q24: The production function
Q25: Graphically,the average productivity of labor would be
Q26: A production function may exhibit
A)constant returns to
Q27: If,as a result of doubling all its
Q28: Suppose the production function for good q
Q30: The average productivity of capital is defined
Q31: A firm's isoquant shows
A)the amount of labor
Q32: The marginal rate of technical substitution of
Q33: The marginal physical product of labor is
A)the
Q34: A technical innovation in the production of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents