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

Author Question: The concept that explains firms possessing different bundles of resources is a. Resource ... (Read 102 times)

yoooooman

  • Hero Member
  • *****
  • Posts: 557
on: Jul 1, 2018
The concept that explains firms possessing different bundles of resources is
 a. Resource heterogeneity
  b. Resource immobility
  c. Barriers to entry
  d. imitability

Question 2

The primary purpose of the Cobb-Douglas power function is to:
 a. allow one to make estimates of cost-output relationships
  b. allow one to make predictions about a resulting increase in output for a given increase in the inputs
  c. aid one in gaining accurate empirical values for economic variables
  d. calculate a short-run linear total cost function
  e. a and b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nyrave

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

a

Answer to Question 2

b


yoooooman

  • Member
  • Posts: 557
Reply 2 on: Jul 1, 2018
Excellent

ecabral0

  • Member
  • Posts: 310
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Independent assortment of chromosomes at meiosis explains Mendel’s ratio Independent assortment of chromosomes at meiosis explains Mendel’s ratio
J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo
Energy Resources range from inexhaustible to nonrenewable Energy Resources range from inexhaustible to nonrenewable
Marine pollution threatens resources and marine life Marine pollution threatens resources and marine life
Natural Resource Prices, 1850–2010 Natural Resource Prices, 1850–2010
Biology Concept Framework Biology Concept Framework
Video: Phases of an Action Potential - Resting Potential, Threshold, Rising, Falling, & Recovery Phases

For a complete list of videos, visit our video library