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 82 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
Wow, this really help

scikid

  • Member
  • Posts: 300
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Bioinformatics tools at the BAR (Bio-Array Resource). Bioinformatics tools at the BAR (Bio-Array Resource).
Independent assortment of chromosomes at meiosis explains Mendel’s ratio Independent assortment of chromosomes at meiosis explains Mendel’s ratio
Concept Care Map Concept Care Map
Groundwater Resources Groundwater Resources
Mining Mineral Resources Mining Mineral Resources
Iceland Geothermal Resources Iceland Geothermal Resources
Video: Bone Healing Animation

For a complete list of videos, visit our video library