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Author Question: The method of estimating long-run costs in which knowledgeable professionals familiar with ... (Read 92 times)

notis

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on: Jul 1, 2018
The method of estimating long-run costs in which knowledgeable professionals familiar with production facilities and processes calculate optimal combination of inputs to produce given quantities and then estimate costs is known as
 
  A) engineering cost estimating.
  B) the survivorship method.
  C) regression analysis.
  D) None of the above

Question 2

Show that increasing returns to scale can co-exist with diminishing marginal productivity. To do so, provide an example of a production function with IRTS and diminishing marginal returns.
 
  What will be an ideal response?
Microeconomics ¦ Perloff ¦ 8th Edition
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Brummell1998

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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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notis

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Reply #2 on: Jul 1, 2018
Correct answers!


Brummell1998

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Reply #3 on: Jul 1, 2018
Great! Please up vote :D


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