Multiple Choice
If you are running a winery and you need one bottle for every 750ml of wine, then your production function
A) is inefficient.
B) is considered "fixed-proportion."
C) will have a diminishing marginal rate of technical substitution.
D) has downward-sloping, straight line isoquants.
Correct Answer:
Verified
Related Questions
Q49: If marginal productivity is decreasing as more
Q61: Q62: If capital increases by two units, and Q63: If MPK = 3, and MRTS = Q66: Isoquants that are downward-sloping straight lines imply Q67: Which of the following is an example![]()
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