A fixed-proportion production function

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    requires a fixed combination of inputs for each output level, meaning input substitution is not possible.
     has an L-shaped isoquant, since input combinations are fixed for each level of production.
     describes a situation in which adding more of one input while holding the other constant does not increase production.
     All of the above.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

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All of the above.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)

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