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Author Question: Suppose the production of paved roadways can be represented as q = L0.5 + K0.5. Which of the ... (Read 47 times)

jessicacav

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on: Jul 1, 2018
Suppose the production of paved roadways can be represented as q = L0.5 + K0.5. Which of the following statements is (are) TRUE?
 
  A) Labor is subject to diminishing marginal productivity in the short run.
  B) Labor and capital are imperfect substitutes.
  C) The isoquants for paved roadways are convex.
  D) All of the above.

Question 2

An isoquant represents levels of capital and labor that
 
  A) have constant marginal productivity.
  B) yield the same level of output.
  C) incur the same total cost.
  D) All of the above.
Microeconomics ¦ Perloff ¦ 8th Edition
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1_Step_At_ATime

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Reply #1 on: Jul 1, 2018
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.
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jessicacav

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Reply 2 on: Jul 1, 2018
Excellent

bigsis44

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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