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

Author Question: Suppose the production of DVD players can be represented by the following production function:q = ... (Read 147 times)

dbose

  • Hero Member
  • *****
  • Posts: 597
on: Mar 14, 2021

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.
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 dbose on Mar 14, 2021

Sierray

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


dbose

  • Member
  • Posts: 597
Reply 2 on: Mar 14, 2021
Great answer, keep it coming :)

xiaomengxian

  • Member
  • Posts: 311
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Sine Function Gif Sine Function Gif
A sphere represented by means of modeling. A sphere represented by means of modeling.
Production of Ethanol process Production of Ethanol process
How to find the anti-derivative of a function (Part 2) How to find the anti-derivative of a function (Part 2)
Testing motor function of cranial nerve VII - Puff cheeks Testing motor function of cranial nerve VII - Puff cheeks
Mechanisms involved in production of metabolic alkalosis due to loss of gastric fluid Mechanisms involved in production of metabolic alkalosis due to loss of gastric fluid
Video: Introduction to Macular Degeneration

For a complete list of videos, visit our video library