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Author Question: How much do outputs increase when labor and capital increase from 1 to 2 units for the following ... (Read 119 times)

RODY.ELKHALIL

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on: Jul 1, 2018
How much do outputs increase when labor and capital increase from 1 to 2 units for the following production function , q = 10L0.5K0.3?
 
  A) 7.4 units
  B) 7 units
  C) 8 units
  D) None of the above.

Question 2

Does this production function, q = 10L0.5K0.3, experience increasing, decreasing or constant returns to scale?
 
  A) Decreasing because a 100 increase in inputs increases outputs by 80.
  B) Increasing because an 80 increase in inputs increases outputs by 100.
  C) Decreasing because 0.5 + 0.3 < 1.
  D) A and C.
Microeconomics ¦ Perloff ¦ 8th Edition
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kaylee05

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Reply #1 on: Jul 1, 2018
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.
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RODY.ELKHALIL

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

lcapri7

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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