Suppose that the production function for a truck driver is M = 34.641M0·5G0·5 where M is miles traveled, G is gallons of gasoline, and S is speed in kilometers per hour. Which of the following is the name of this type of production function?
A) Leontief
B) Fixed proportions
C) Polynomial
D) Cobb- Douglas
Correct Answer:
Verified
Q28: Which of the following cost curves can
Q29: Sunk costs are irrelevant to economic decisions
Q30: Figure 6A Q31: Variable cost may be defined as: Q32: Which of the following is most likely Q34: Profit maximizing firms produce their output: Q35: If STC = 3q2 + 7q + Q36: If a firm's Short- Run Total Cost Q37: In the short run: Q38: A fixed- proportions production function is one
A)the change
A)to minimize
A)fixed costs are zero.
B)all
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