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

Author Question: Let the production function be q = ALaKb. The function exhibits constant returns to scale if A) a ... (Read 80 times)

evelyn o bentley

  • Hero Member
  • *****
  • Posts: 564
on: Jul 1, 2018
Let the production function be q = ALaKb. The function exhibits constant returns to scale if
 
  A) a + b = 1.
  B) a + b > 1.
  C) a + b < 1.
  D) Cannot be determined with the information given.

Question 2

Let the production function be q = ALaKb. The function exhibits decreasing returns to scale if
 
  A) a + b = 1.
  B) a + b > 1.
  C) a + b < 1.
  D) Cannot be determined with the information given.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

phuda

  • Sr. Member
  • ****
  • Posts: 348
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.
Answer Preview
Only 44% of students answer this correctly


evelyn o bentley

  • Member
  • Posts: 564
Reply 2 on: Jul 1, 2018
Wow, this really help

brbarasa

  • Member
  • Posts: 308
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

The Scale of Life The Scale of Life
Sketch a graph of the function h(x), by hand on the following interval: Sketch a graph of the function h(x), by hand on the following interval:
Sketch a graph of the function h(x), by hand on the following interval: Sketch a graph of the function h(x), by hand on the following interval:
Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ... Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ...
Eugenics exhibits Eugenics exhibits
The pH scale and relationship between bicarbonate and carbonic acid The pH scale and relationship between bicarbonate and carbonic acid
Video: Glycolysis Animation

For a complete list of videos, visit our video library