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Author Question: Given constant returns to scale between labor and output, if it takes 1 hour to make 10 yards of ... (Read 122 times)

cnetterville

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on: Jun 30, 2018
Given constant returns to scale between labor and output, if it takes 1 hour to make 10 yards of cloth, then 100 yards of cloth can be made in
 
  A) 10 hours.
  B) 100 hours.
  C) 1000 hours.
  D) Can't tell without knowing how much capital is used.

Question 2

Which of the following is a macroeconomic factor that contributed to the financial crisis in 2007?
 
  A) Global saving and investment imbalances
  B) Financial market innovation
  C) Deeper levels of integration across financial markets
  D) Challenges and failures in financial regulation


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katkat_flores

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

A


cnetterville

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

Joy Chen

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Reply 3 on: Yesterday
Excellent

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