« previous next »

Author Question: The following Cobb-Douglas production function, Q = 1.8L0.74K0.36, exhibits A) increasing ... (Read 56 times)

Yolanda

  • Hero Member
  • *****
  • Posts: 757
on: Jul 1, 2018
The following Cobb-Douglas production function, Q = 1.8L0.74K0.36, exhibits
 
  A) increasing returns.
  B) constant returns.
  C) decreasing returns.
  D) Both A and B

Question 2

If a firm is currently in short-run equilibrium earning a profit, what impact will a lump-sum tax have on its production decision?
 
  A) The firm will decrease output to earn a higher profit.
  B) The firm will increase output but earn a lower profit.
  C) The firm will not change output but earn a lower profit.
  D) The firm will not change output and earn a higher profit.


JCABRERA33

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

A hypothesis that suggests an explanation of the function of the gene that is defective in patients A hypothesis that suggests an explanation of the function of the gene that is defective in patients
Brain mass as a function of body mass in mammals. Brain mass as a function of body mass in mammals.
The small-scale distribution of different tree species in a Douglas-fir forest is determined by both The small-scale distribution of different tree species in a Douglas-fir forest is determined by both
Oil and Natural Gas Production from More Wells in Smaller Areas Oil and Natural Gas Production from More Wells in Smaller Areas
How to vertically stretch and compress a sinusoidal function (y=a*sin⁡b(x−c)+d) How to vertically stretch and compress a sinusoidal function (y=a*sin⁡b(x−c)+d)
Production of ATP in Skeletal Muscle Production of ATP in Skeletal Muscle
Video: Nerve Impulse Transmission Animation

For a complete list of videos, visit our video library