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Author Question: If a Cobb-Douglas production function has alpha = 0.34 and beta = 0.42, then a 1% increase in inputs ... (Read 263 times)

lidoalex

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on: Mar 14, 2021

Question 1

Decreasing returns to scale may occur because increasing the amount of inputs used
◦ increases specialization.
◦ always increases the amount of output produced.
◦ may cause coordination difficulties.
◦ increases efficiency.

Question 2

If a Cobb-Douglas production function has alpha = 0.34 and beta = 0.42, then a 1% increase in inputs results in a(n) ________ change in output.
◦ 0.8%
◦ 8%
◦ 0.76%
◦ -0.76%
Managerial Economics and Strategy ¦ Perloff, Brander ¦ 3rd Edition
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Marked as best answer by lidoalex on Mar 14, 2021

cici

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Reply #1 on: Mar 14, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Gina Wael

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Reply #2 on: Apr 5, 2022
Thank you


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