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

Author Question: Let the production function be q=ALaKb. The function exhibits decreasing returns to scale if A) a ... (Read 120 times)

erika

  • Hero Member
  • *****
  • Posts: 522
on: Jul 1, 2018
Let the production function be q=ALaKb. The function exhibits decreasing returns to scale if
 
  A) a + b = 1.
  B) a+ b > 1.
  C) a + b < 1.
  D) Cannot be determined with the information given.

Question 2

Which of the following collective consumption goods does not become a private consumption good at some level of use?
 
  a. highway
  b. swimming pool
  c. national defense
   d. television


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nixon_s

  • Sr. Member
  • ****
  • Posts: 359
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

c


erika

  • Member
  • Posts: 522
Reply 2 on: Jul 1, 2018
:D TYSM

diana chang

  • Member
  • Posts: 288
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Dugongs (a) adjust their foraging behaviour as a function of whether or not tiger sharks (b) are hun Dugongs (a) adjust their foraging behaviour as a function of whether or not tiger sharks (b) are hun
How to approximate the area of a function using midpoints How to approximate the area of a function using midpoints
Modern Predication of Peak in Global Oil Production Modern Predication of Peak in Global Oil Production
The Production Function The Production Function
Given the parent function f(x)=log10(bottom exponent)x, state the equation of the function that Given the parent function f(x)=log10(bottom exponent)x, state the equation of the function that
Use Implicit Differentiation to solve this function Use Implicit Differentiation to solve this function
Video: Structures that affect circulation - heart and systolic/diastolic BP

For a complete list of videos, visit our video library