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Author Question: The returns to scale of the production function Q = 50 L0.4 K0.2 are A) 50. B) .6. C) .8. D) ... (Read 13 times)

vinney12

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on: Jul 1, 2018
The returns to scale of the production function Q = 50 L0.4 K0.2 are
 
  A) 50.
  B) .6.
  C) .8.
  D) 500.6.

Question 2

If pizza is measured on the horizontal axis and pretzels are measured on the vertical axis, the slope of the production possibility frontier at a given combination reflects
 
  A) the total cost of producing that combination.
  B) the total cost of producing that quantity of pizza in terms of pretzels.
  C) the cost of making the last pizza in terms of pretzels.
  D) the cost of making the last pretzel in terms of pizza.


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mtmmmmmk

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Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

C


vinney12

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

bbburns21

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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