If a competitive firm uses two inputs and has the production function F(x, y) = x^1/2 + y^1/2 then its marginal cost curve is horizontal.

If a competitive firm uses two inputs and has the production function F(x, y) = x^1/2 + y^1/2 then its marginal cost curve is horizontal.

If a competitive firm uses two inputs and has the production function F(x, y) = x^1/2 + y^1/2 then its marginal cost curve is horizontal.



Answer: False