Which of the following diagrams shows a production function where the inputs are perfect substitutes?AX1X1X1DX2X1D.O O O O

When the inputs can be used in place of each other, they are known as perfect substitutes.

Answered: Which of the following diagrams shows a…

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Which of the following diagrams shows a production function wihere the inputs are perfect substitutes? X1 X1 X1 o oo o

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Which of the following diagrams shows a production function where the inputs are perfect substitutes?
A
X1
X1
X1
D
X2
X1
D.
O O O O

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