Question: 17 The expansion path for a homothetic production function a. is a straight line through the origin with a slope greater than one if

17 The expansion path for a homothetic production function a. is a

17 The expansion path for a homothetic production function a. is a straight line through the origin with a slope greater than one if w> v. is a straight line through the origin with a slope less than one if w

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1 Option c is correct It is because the expansion path is the locus of all the costefficient combinations of inputs used in the process of production ... View full answer

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