In the production function P = f (L, K, N, T, E), what does the line drawn above the factors of production mean?
A. Factors below the straight line are variable
B. Factors below the straight line are constant
C. Factors below the straight line are uniform
D. None of these
Answer:B
In the production function P = f (L, K, N, T, E), what does the line drawn above the factors of production mean?
A. Factors below the straight line are variable B. Factors below the straight line are constant C. Factors below the straight line are uniform D. None of these