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

Author Question: From the profit maximizing conditions for the Cobb-Douglas production function, we find that the ... (Read 41 times)

faduma

  • Hero Member
  • *****
  • Posts: 528
on: Jul 1, 2018
From the profit maximizing conditions for the Cobb-Douglas production function, we find that the optimal input demands for labor and capital may be related as L = brK/(aw). Under what conditions are the expenditures on capital and labor equal?
 
  A) Constant returns to scale
  B) Increasing returns to scale
  C) Decreasing returns to scale
  D) a = b

Question 2

Refer to Scenario 14.4. Suppose that a tax is imposed on each unit of the product that John produces. Which curve will shift?
 
  A) Marginal product of labor
  B) Marginal revenue product of labor
  C) The supply of labor
  D) All of the above will shift due to the tax on output.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

maaaaaaaaaa

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

B


faduma

  • Member
  • Posts: 528
Reply 2 on: Jul 1, 2018
Wow, this really help

LVPMS

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

Your heart beats over 36 million times a year.

Various types of integumentary conditions.(B) Herpes simplex. Various types of integumentary conditions.(B) Herpes simplex.
How to use the quotient rule to find the derivative of a function How to use the quotient rule to find the derivative of a function
How to find the volume and surface area a rectangular prism How to find the volume and surface area a rectangular prism
Modern Predication of Peak in Global Oil Production Modern Predication of Peak in Global Oil Production
Derivative of Trig Function Derivative of Trig Function
Find derivative using chain rule Find derivative using chain rule
Video: DNA Replication Factory and Protein

For a complete list of videos, visit our video library