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

Author Question: Suppose the production of DVD players can be represented by the following production function:q = ... (Read 116 times)

dbose

  • Hero Member
  • *****
  • Posts: 597
on: Mar 14, 2021

Question 1

Returns to specialization can occur when
◦ increasing the amount of labor allows workers to specialize.
◦ the exponents of the Cobb-Douglas production function are greater than 1.
◦ a firm doubles its inputs.
◦ the average cost curve is above the marginal costs curve.

Question 2

Suppose the production of DVD players can be represented by the following production function: 
q = L0.4K0.4. Which of the following statements is (are) TRUE?
◦ The production function has decreasing returns to scale.
◦ The marginal productivity of labor falls as labor increases in the short run.
◦ Capital and labor can be substituted for one another.
◦ All of these.
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 dbose on Mar 14, 2021

Sierray

  • Sr. Member
  • ****
  • Posts: 343
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 50% of students answer this correctly


dbose

  • Member
  • Posts: 597
Reply 2 on: Mar 14, 2021
Wow, this really help

diana chang

  • Member
  • Posts: 288
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Function and structure of aquaporin Function and structure of aquaporin
Antiparkinson Drugs Focus on Restoring Dopamine Function and Blocking Cholinergic Activity in the ... Antiparkinson Drugs Focus on Restoring Dopamine Function and Blocking Cholinergic Activity in the ...
How to transform the natural logarithmic function (ln⁡x) How to transform the natural logarithmic function (ln⁡x)
How to vertically shift a sinusoidal function (y=a*sin⁡b(x−c)+d) How to vertically shift a sinusoidal function (y=a*sin⁡b(x−c)+d)
How to combine and sketch transformations of a sinusoidal function (Question 1) (y=a*sin⁡b(x−c)+d) How to combine and sketch transformations of a sinusoidal function (Question 1) (y=a*sin⁡b(x−c)+d)
Function divisions of nervous system Function divisions of nervous system
Video: Protein Structure - Primary, Secondary, Tertiary and Quaternary

For a complete list of videos, visit our video library