Answer to Question #59220 in Microeconomics for Bob

Question #59220

The MRTS for isoquants in a fixed-proportion production function is?

a. zero or one.
b. always zero.
c. always one.
d. zero or undefined.

Expert's answer

d. zero or undefined

Learn more about our help with Assignments: Microeconomics

Comments

No comments. Be the first!

Leave a comment

Related Questions

1. Swagat Manufacturing Sdn. Bhd. needed to determine if it would be cheaper to make 10,000 units of a
2. Grandpa wants to renew his auto insurance. Let us suppose he can buy either a natural monopoly (no-f
3. I need to explain fully how and why the firms the product and cost curves are functionally related t
4. A firm faces the production function Q = 10L2K2. The wage rate is 2 and the rental rate of capital i
5. If the fixed cost were $25 and the variable cost per unit were $ 2 and the demand function as follow
6. A firm faces the production function Q = 10L2K2. The wage rate is 2 and the rental rate of capital i
7. The point price elasticity of demand for red herring is -4. The demand curve for red herring is Q =