A production function is said to be _____, if, when each input factor is multiplied by a positive real constant k, the constant can be completely factored out:

Related MCQs

• In an input-output matrix, the principal diagonal of this matrix represents the amount of input each industry takes from ___output.
• ____ functions are a special class of homogeneous function in which the marginal rate of Technicalsubstitution is constant along the function.
• In linear programming, _____ expresses the necessity that the levels of production of the commodity cannot be negative, that is, it should be either positive or zero.
• In input-output analysis,____ is obtained by dividing the input of the desired sector by the total output of the same sector.
• In input-output analysis,if the exogenous sectors of the open input output model is absorbed in to the system as just another sector _____
• In an input-output matrix, the element ____shows the input industry II takes from industry I.
• _______ function was designed by J M Keynes to show the relationship between real disposable income and consumer spending.
• The given function f (x) = ax + b, is an example of ____ function:
• The given function f (x) = ax2 + bx + c , is an example of ____ function:
• Demand function for a commodity is D = 44 – 7P and supply function S = 2P –10, then the equilibrium price is: