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Author Question: Suppose Q = KaLb, if a + b > 1 the isoquants will be a. upward sloping. b. progressively closer ... (Read 68 times)

karateprodigy

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on: Jul 1, 2018
Suppose Q = KaLb, if a + b > 1 the isoquants will be
 a. upward sloping.
  b. progressively closer together at higher quantities.
  c. progressively further apart at higher quantities.
  d. equally spaced.

Question 2

If production is given by Q = KsLb, (a + b < 1) doubling both inputs
 a. more than doubles output.
  b. exactly doubles output.
  c. increases output but does not double it.
  d. leaves output unchanged.


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amy.lauersdorf90

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Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

c


karateprodigy

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

bulacsom

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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