« previous next »

Author Question: The following Cobb-Douglas production function, Q = 1.8L0.74K0.36, exhibits A) increasing ... (Read 62 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?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Great Britain Production of Glass 1800s Great Britain Production of Glass 1800s
How to find the inverse of any function (Part 2) How to find the inverse of any function (Part 2)
How to vertically shift a quadratic function along the y-axis How to vertically shift a quadratic function along the y-axis
Vitamin C contributes to healthy, glowing skin by facilitating the production of collagen Vitamin C contributes to healthy, glowing skin by facilitating the production of collagen
Increasing/decreasing Functions Increasing/decreasing Functions
Sketch the graph of each function using transformations. State the domain and range. Sketch the graph of each function using transformations. State the domain and range.
Video: Deafness Culture

For a complete list of videos, visit our video library