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 342 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?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Apparent and True Orbits of Alpha Centauri. Apparent and True Orbits of Alpha Centauri.
Mean scores for Erikson’s stage VI (Intimacy) for two cohorts. Scores for both cohorts increase ... Mean scores for Erikson’s stage VI (Intimacy) for two cohorts. Scores for both cohorts increase ...
How to find the limit of a function using delta and epsilon How to find the limit of a function using delta and epsilon
The production of electricity from coal is inefficient The production of electricity from coal is inefficient
Alpha-Linoleic acid Alpha-Linoleic acid
Use Implicit Differentiation to solve this function Use Implicit Differentiation to solve this function
Video: Appendicitis Animation

For a complete list of videos, visit our video library