Quasiconcave production functions give rise to convex producer choice sets.
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Q6: Increasing returns to scale production technologies cannot
Q7: Assuming an interior solution, a production plan
Q8: Decreasing returns to scale production functions must
Q9: Profit is constant along an isoquant.
Q10: Changing the labels on isoquants without changing
Q12: Output prices are irrelevant for a firm
Q13: If production technologies are homothetic, all cost-minimizing
Q14: Assuming convex producer choice sets, the (marginal)
Q15: An increasing returns to scale production function
Q16: If a production technology has increasing returns
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