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Author Question: Returns to scale is a concept that operates A) only in the short run. B) only in the long run. ... (Read 11 times)

elizabeth18

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on: Jul 1, 2018
Returns to scale is a concept that operates
 
  A) only in the short run.
  B) only in the long run.
  C) in both the long run and the short run.
  D) in either the long run or the short run but never both.

Question 2

Suppose the production of mp3 players can be represented by the following production function: q = L0.4K0.4. The firm currently produces q1 units. If all inputs doubled, the new level of output will equal
 
  A) 20.4 q1.
  B) 20.8 q1.
  C) 0.8 q1.
  D) 1.6 q1.
Microeconomics ¦ Perloff ¦ 8th Edition
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kingdude89

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Reply #1 on: Jul 1, 2018
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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elizabeth18

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

hramirez205

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Reply 3 on: Yesterday
Excellent

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