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Author Question: If production function q1 = f(L, K), which of the following production functions illustrates neutral ... (Read 57 times)

maychende

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on: Jul 1, 2018
If production function q1 = f(L, K), which of the following production functions illustrates neutral technical progress?
 
  A) q2 = f(1.25L, 1.25K)
  B) q2 = f(1.25L, K)
  C) q2 = f(L, 1.25K)
  D) q2 = 1.25  f(L, K)

Question 2

The above figure shows supply and demand curves for milk. In an effort to help farms, the government passes a law that establishes a 3 per gallon price support, but allows farmers to decide how much milk to produce.
 
  The government then provides a deficiency payment to guarantee that the farmers receive 3 per gallon. The required deficiency payment equals A) b + c + f + g + h + i + j.
  B) b + c + f + g + h + i.
  C) f + g.
  D) b + c.
Microeconomics ¦ Perloff ¦ 8th Edition
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Rilsmarie951

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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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maychende

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

amandalm

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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