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 122 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
Wow, this really help

carlsona147

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Pitting Edema Grading Scale Pitting Edema Grading Scale
Glascow Coma Scale Glascow Coma Scale
How to apply integration by parts on a single function How to apply integration by parts on a single function
How to find the average value of a function (Part 2) How to find the average value of a function (Part 2)
Hepatic Acinus Model of Liver Function Hepatic Acinus Model of Liver Function
Creating a loss-of-function CFTR Creating a loss-of-function CFTR
Video: Stroke volume - preload, sarcomere length and Frank -Starling law

For a complete list of videos, visit our video library