D Question 1 In which time period are all inputs fixed? O The immediate run O The short run ○ The long run O The post-world war II era Question 2 The production function maps, O inputs; outputs O outputs; inputs O outputs; outputs O inputs; inputs Question 3 into ? Which of the following correctly describes the following production function? Y = f(L|K,A) O Output is a function of the variable input, labor, holding capital and land fixed O Output is a function of the variable inputs, capital and land, holding labor fixed O Output is a function of management O Ceterus paribus, output changes when capital changes
D Question 1 In which time period are all inputs fixed? O The immediate run O The short run ○ The long run O The post-world war II era Question 2 The production function maps, O inputs; outputs O outputs; inputs O outputs; outputs O inputs; inputs Question 3 into ? Which of the following correctly describes the following production function? Y = f(L|K,A) O Output is a function of the variable input, labor, holding capital and land fixed O Output is a function of the variable inputs, capital and land, holding labor fixed O Output is a function of management O Ceterus paribus, output changes when capital changes
Chapter9: Production Functions
Section: Chapter Questions
Problem 9.8P
Question
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