____ functions are a special class of homogeneous function in which the marginal rate of Technicalsubstitution is constant along the function.

Related MCQs

• In the short run, a monopolist will shut down if it is producing a level of output where marginal revenue is equal to short-run marginal cost and price is:
• 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:
• If u = xn is total utility, the functions of marginal utility u will be:
• When the total revenue functions is R = 100−X2, the marginal revenue is :
• If the demand facing a monopolist is P = 100 − 10Q and marginal cost is constant at 20, then the profit maximizing price and quantity for this monopolist are:
• In the Keynesian linear consumption function Y=β1+β2X, the marginal propensity to consume is
• For a utility function u = xy + 3x + 4y, marginal utility of good x is:
• Given a total utility function, Marginal utility is obtained by finding ______
• The cost per output is given by C = 2x + 27. Then the marginal cost when x = 5 is:
• The slope of ___curve will be positive if and only if the marginal cost curve lies above the AC curve.