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

Author Question: If a Cobb-Douglas production function has alpha = 0.34 and beta = 0.42, then a 1% increase in inputs ... (Read 297 times)

lidoalex

  • Hero Member
  • *****
  • Posts: 538
on: Mar 14, 2021

Question 1

Decreasing returns to scale may occur because increasing the amount of inputs used
◦ increases specialization.
◦ always increases the amount of output produced.
◦ may cause coordination difficulties.
◦ increases efficiency.

Question 2

If a Cobb-Douglas production function has alpha = 0.34 and beta = 0.42, then a 1% increase in inputs results in a(n) ________ change in output.
◦ 0.8%
◦ 8%
◦ 0.76%
◦ -0.76%
Managerial Economics and Strategy ¦ Perloff, Brander ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by lidoalex on Mar 14, 2021

cici

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Mar 14, 2021
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.
Answer Preview
Only 56% of students answer this correctly


Gina Wael

  • Newbie
  • *
  • Posts: 1
Reply #2 on: Apr 5, 2022
Thank you


« previous next »
 

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Basic features of the function of many excretory systems. Basic features of the function of many excretory systems.
Production of Saliva Production of Saliva
Signal transduction pathway initiated by trimeric TNF-alpha Signal transduction pathway initiated by trimeric TNF-alpha
Microlith production. Microlith production.
Inputs and Outputs of the Lateral Zone of the Cerebellar Cortex Inputs and Outputs of the Lateral Zone of the Cerebellar Cortex
How to shift and reflect a square root function using transformations How to shift and reflect a square root function using transformations
Video: Transcription—A molecular view

For a complete list of videos, visit our video library