This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If a Cobb-Douglas production function has alpha = 0.34 and beta = 0.42, then a 1% increase in inputs ... (Read 266 times)

lidoalex

  • Hero Member
  • *****
  • Posts: 538
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by lidoalex on Mar 14, 2021

cici

  • Sr. Member
  • ****
  • Posts: 325
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.
Answer Preview
Only 56% of students answer this correctly


Gina Wael

  • Newbie
  • *
  • Posts: 1
Reply #2 on: Apr 5, 2022
Thank you


« previous next »
 

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Four main models that describe the relationship between ecosystem function and biodiversity. Four main models that describe the relationship between ecosystem function and biodiversity.
Pulmonary function test Pulmonary function test
Using a digital multimeter to test an oxygen sensor using the MIN/MAX record function of the meter. Using a digital multimeter to test an oxygen sensor using the MIN/MAX record function of the meter.
A Production Function with Diminishing Marginal Product of Capital A Production Function with Diminishing Marginal Product of Capital
Function, even or odd, solution Function, even or odd, solution
Structure and function of the Gal4p activator Structure and function of the Gal4p activator
Video: Humerus Adduction Animation

For a complete list of videos, visit our video library