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

Author Question: The concept that explains firms possessing different bundles of resources is a. Resource ... (Read 59 times)

yoooooman

  • Hero Member
  • *****
  • Posts: 557
on: Jul 1, 2018
The concept that explains firms possessing different bundles of resources is
 a. Resource heterogeneity
  b. Resource immobility
  c. Barriers to entry
  d. imitability

Question 2

The primary purpose of the Cobb-Douglas power function is to:
 a. allow one to make estimates of cost-output relationships
  b. allow one to make predictions about a resulting increase in output for a given increase in the inputs
  c. aid one in gaining accurate empirical values for economic variables
  d. calculate a short-run linear total cost function
  e. a and b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nyrave

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

b


yoooooman

  • Member
  • Posts: 557
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

T4T

  • Member
  • Posts: 348
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

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?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Independent assortment of chromosomes at meiosis explains Mendel’s ratio Independent assortment of chromosomes at meiosis explains Mendel’s ratio
Vascular Bundles in Stems (Part 1) Vascular Bundles in Stems (Part 1)
Concept map of disease and immune system Concept map of disease and immune system
Many Natural Resources Can Be Sustained Many Natural Resources Can Be Sustained
Concept map Concept map
Growth of a Renewable Resource Growth of a Renewable Resource
Video: Photosynthesis overview Animation

For a complete list of videos, visit our video library