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

Author Question: The above figure shows the isoquants for producing steel. Decreasing returns to scale are A) ... (Read 68 times)

xroflmao

  • Hero Member
  • *****
  • Posts: 515
on: Jul 1, 2018
The above figure shows the isoquants for producing steel. Decreasing returns to scale are
 
  A) present when producing more than 10,000 tons.
  B) present when producing more than 20,000 tons.
  C) present when producing more than 30,000 tons.
  D) never present.

Question 2

Describe the characteristics of an efficient contract between a principal and an agent.
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

karlss

  • Sr. Member
  • ****
  • Posts: 321
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

An efficient contract is efficient in production. The principal's and agent's combined value of the contract is maximized. An efficient contract is also efficient in risk bearing. The risk sharing is optimal so that a relatively less risk-averse person bears more of the risk.


xroflmao

  • Member
  • Posts: 515
Reply 2 on: Jul 1, 2018
Gracias!

peter

  • Member
  • Posts: 330
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Otitis media. This illustration shows an inflamed tympanic cavity, which is the most common source o Otitis media. This illustration shows an inflamed tympanic cavity, which is the most common source o
C. Wright Mills (1916-1962) was a controversial figure in sociology because of his analysis of the ... C. Wright Mills (1916-1962) was a controversial figure in sociology because of his analysis of the ...
Commonly Used grades of Austenitic Stainless Steel Commonly Used grades of Austenitic Stainless Steel
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)
A phylogenetic tree showing the evolutionary relationships among hominoids. The evidence shows that A phylogenetic tree showing the evolutionary relationships among hominoids. The evidence shows that
For the circuit in Figure 1, assume ideal diodes. The peak inverse voltage is approximately For the circuit in Figure 1, assume ideal diodes. The peak inverse voltage is approximately
Video: Depolarization of the SA node, Action potentials of the myocardium & ANS effects

For a complete list of videos, visit our video library