MULTIPLE CHOICE
1.
With a cubic production with fixed capital Q = A + BL + CL2
+ DL3
and a shape shown
above, A is
a. positive and greater than B.
b. positive and less than B.
c. zero.
d. negative.
ANS: c
2.
With a cubic production with fixed capital Q = A + BL + CL2
+ DL3
and a s...
multiple choice 1 with a cubic production with fixed capital q a bl cl2 dl3 and a shape shown above
a is a positive and greater than b b positive and
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TEST BANK
TEST BANK FOR CHAPTER
FOR CHAPTER 6 : PRODUCTION
6: Production
MULTIPLE CHOICE
1.
With a cubic production with fixed capital Q = A + BL + CL2 + DL3 and a shape shown
above, A is
a. positive and greater than B.
b. positive and less than B.
c. zero.
d. negative.
ANS: c
2.
With a cubic production with fixed capital Q = A + BL + CL2 + DL3 and a shape shown
above, C is
a. positive.
b. zero.
c. negative and less than D.
d. negative and greater than D.
ANS: a
This study source was downloaded by 100000841341657 from CourseHero.com on 03-23-2022 10:19:56 GMT -05:00
1
With a quadratic production with fixed capital Q = A + BL +CL 2 and the shape shown above,
A is
a. positive and greater than B.
b. positive and less than B.
c. zero.
d. negative.
ANS: c
4.
With a quadratic production with fixed capital Q = A + BL +CL 2 and the shape shown above,
B is
a. positive.
b. zero.
c. negative and less than D.
d. negative and greater than D.
ANS: a
5. If production is given by Q = KL, doubling both inputs
a. more than doubles output.
b. exactly doubles output.
c. increases output but does not double it.
d. leaves output unchanged.
ANS: a
6. If production is given by Q = KL, ( + B < 1) doubling both inputs
a. more than doubles output.
b. exactly doubles output.
c. increases output but does not double it.
d. leaves output unchanged.
ANS: c
This study source was downloaded by 100000841341657 from CourseHero.com on 03-23-2022 10:19:56 GMT -05:00
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