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 349 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?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

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?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Examples of four different types of cells from the body. Although each cell has a cell membrane, nuc Examples of four different types of cells from the body. Although each cell has a cell membrane, nuc
How to use the quotient rule to find the derivative of a function How to use the quotient rule to find the derivative of a function
How to evaluate and sketch a piecewise function pertaining to tax (Part 3) How to evaluate and sketch a piecewise function pertaining to tax (Part 3)
How to find the average value of a function (Part 2) How to find the average value of a function (Part 2)
Derivative of Inverse Trig Function Derivative of Inverse Trig Function
Differentiate each function with respect to x. (Power rule) Differentiate each function with respect to x. (Power rule)
Video: Glomerular filtrate rate: pressures that affect GFR, NFP & GFR and blood composition

For a complete list of videos, visit our video library