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Author Question: Suppose two countries, A and B, are at war with each other. Country A is very wealthy; country B is ... (Read 56 times)

Zulu123

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Suppose two countries, A and B, are at war with each other. Country A is very wealthy; country B is very poor. The XYZ Co produces tanks.
 
  Is XYZ able to set a different price for the tank sold to country A than the price for the tank sold to country B? Explain.

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 TRUE?
 
  A) The production function has decreasing returns to scale.
  B) The production function has increasing returns to scale.
  C) The production function has constant returns to scale.
  D) Returns to scale vary with the level of output.


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iman

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Zulu123

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Reply 2 on: Jul 1, 2018
:D TYSM


helenmarkerine

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

 

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