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

Author Question: Let the production function be q=ALaKb. The function exhibits decreasing returns to scale if A) a ... (Read 119 times)

erika

  • Hero Member
  • *****
  • Posts: 522
on: Jul 1, 2018
Let the production function be q=ALaKb. The function exhibits decreasing returns to scale if
 
  A) a + b = 1.
  B) a+ b > 1.
  C) a + b < 1.
  D) Cannot be determined with the information given.

Question 2

Which of the following collective consumption goods does not become a private consumption good at some level of use?
 
  a. highway
  b. swimming pool
  c. national defense
   d. television


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nixon_s

  • Sr. Member
  • ****
  • Posts: 359
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

c


erika

  • Member
  • Posts: 522
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

triiciiaa

  • Member
  • Posts: 349
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Pulmonary function test: spirometry. (a) Normal respiratory volumes, as measured during spirometry. Pulmonary function test: spirometry. (a) Normal respiratory volumes, as measured during spirometry.
How to know when a function is increasing or decreasing using calculus (Part 1) How to know when a function is increasing or decreasing using calculus (Part 1)
How to find the indefinite integral of a function How to find the indefinite integral of a function
Differentiate each function with respect to x. (Power rule) Differentiate each function with respect to x. (Power rule)
Nonshivering heat production Nonshivering heat production
The production of a new allopolyploid species The production of a new allopolyploid species
Video: Neural regulation of blood pressure - baroreceptor and chemoreceptor reflexes

For a complete list of videos, visit our video library