This topic contains a solution. Click here to go to the answer

Author Question: Suppose the production of DVD players can be represented by the following production function:q = ... (Read 120 times)

dbose

  • Hero Member
  • *****
  • Posts: 597

Question 1

Returns to specialization can occur when
◦ increasing the amount of labor allows workers to specialize.
◦ the exponents of the Cobb-Douglas production function are greater than 1.
◦ a firm doubles its inputs.
◦ the average cost curve is above the marginal costs curve.

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 (are) TRUE?
◦ The production function has decreasing returns to scale.
◦ The marginal productivity of labor falls as labor increases in the short run.
◦ Capital and labor can be substituted for one another.
◦ All of these.


Related Topics

Need homework help now?

Ask unlimited questions for free

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

Sierray

  • Sr. Member
  • ****
  • Posts: 343
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 50% of students answer this correctly




dbose

  • Member
  • Posts: 597
Reply 2 on: Mar 14, 2021
Gracias!


lcapri7

  • Member
  • Posts: 350
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

For a complete list of videos, visit our video library