« previous next »

Author Question: The following Cobb-Douglas production function, Q = 1.8L0.74K0.36, exhibits A) increasing ... (Read 61 times)

Yolanda

  • Hero Member
  • *****
  • Posts: 757
on: Jul 1, 2018
The following Cobb-Douglas production function, Q = 1.8L0.74K0.36, exhibits
 
  A) increasing returns.
  B) constant returns.
  C) decreasing returns.
  D) Both A and B

Question 2

If a firm is currently in short-run equilibrium earning a profit, what impact will a lump-sum tax have on its production decision?
 
  A) The firm will decrease output to earn a higher profit.
  B) The firm will increase output but earn a lower profit.
  C) The firm will not change output but earn a lower profit.
  D) The firm will not change output and earn a higher profit.


JCABRERA33

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

A

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Increasing Costs of Natural Disasters Increasing Costs of Natural Disasters
Probability of Major Depression as a Function of 5-HTT Allele and Levels of Maltreatment ... Probability of Major Depression as a Function of 5-HTT Allele and Levels of Maltreatment ...
How to find the anti-derivative of a function (Part 1) How to find the anti-derivative of a function (Part 1)
Stem Cell Production Stem Cell Production
Use the graph of the function f(x) to answer each question. Use the graph of the function f(x) to answer each question.
Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ... Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ...
Video: Introduction to Diabetes

For a complete list of videos, visit our video library