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

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 48 times)

vinney12

  • Hero Member
  • *****
  • Posts: 586
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mtmmmmmk

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

C


vinney12

  • Member
  • Posts: 586
Reply 2 on: Jul 1, 2018
Excellent

coreycathey

  • Member
  • Posts: 333
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Jacob, Monod, and Pardee's hypothesis for the function of the lacI region Jacob, Monod, and Pardee's hypothesis for the function of the lacI region
Multiple sclerosis (MS). (a) A disease characterized by the gradual development of small areas of ha Multiple sclerosis (MS). (a) A disease characterized by the gradual development of small areas of ha
Demonstration of the function of a balloon-tipped catheter during a PTCA procedure. Demonstration of the function of a balloon-tipped catheter during a PTCA procedure.
Transformation of Exponential Function Transformation of Exponential Function
Integral of function p1 Integral of function p1
Graph the function by hand & label key points on graph: Graph the function by hand & label key points on graph:
Video: Normal and abnormal blood pH

For a complete list of videos, visit our video library