CES production function is

Related MCQs

• A significant property of Cobb Douglas production function is that the elasticity of substitution between inputs is
• If there is excess capacity in a production facility, it is likely that the firm’s supply curve is:
• A firm may decide to increase its scale so that it has excess production capacity because, by doing so, it is able to
• A firm that is threatened by the potential entry of competitors into a market builds excess production capacity. This is an example of
• If the short-run average variable costs of production for a firm are rising, then this indicates that:
• If all resources used in the production of a product are increased by 20 percent and output increases by 20 percent, then there must be: