Use the following to answer questions :
Table 6-1
-Suppose that production were represented by the production function displayed in Table 6-1 above.You would conclude that:
A)land displayed diminishing returns.
B)labor displayed diminishing returns.
C)production displayed constant returns to scale.
D)all of the above were true.
E)none of the above were true.

Question

Use the following to answer questions :
Table 6-1 
-Suppose that production were represented by the production function displayed in Table 6-1 above.You would conclude that:
A)land displayed diminishing returns. 
B)labor displayed diminishing returns. 
C)production displayed constant returns to scale. 
D)all of the above were true. 
E)none of the above were true.

Quizplus · Accepted Answer

The Answer of Use the following to answer questions :
Table 6-1 
-Suppose that production were represented by the production function displayed in Table 6-1 above.You would conclude that:
A)land displayed diminishing returns. 
B)labor displayed diminishing returns. 
C)production displayed constant returns to scale. 
D)all of the above were true. 
E)none of the above were true.

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