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 32 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
YES! Correct, THANKS for helping me on my review

6ana001

  • Member
  • Posts: 311
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Examples of structures in which extensive surface area is important for function. Examples of structures in which extensive surface area is important for function.
Structure and function of a chemical synapse. Structure and function of a chemical synapse.
Pitting Edema Grading Scale Pitting Edema Grading Scale
Abilities that Display Cerebral Lateralization of Function Abilities that Display Cerebral Lateralization of Function
How to find the average value of a function (Part 2) How to find the average value of a function (Part 2)
How to reflect the quadratic function relative to the x-axis How to reflect the quadratic function relative to the x-axis
Video: Cleavage and Implantation Animation

For a complete list of videos, visit our video library