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

Author Question: The table in the above figure shows the levels of output resulting from different levels of inputs. ... (Read 148 times)

bb

  • Hero Member
  • *****
  • Posts: 544
on: Jun 18, 2019


The table in the above figure shows the levels of output resulting from different levels of inputs. Which of the following conclusions can be drawn from this information?
◦ Constant returns to scale exist throughout all levels of production.
◦ Labor is subject to diminishing marginal productivity in the short run.
◦ Increasing returns to scale exist between 100 and 200 units of output.
◦ No firm conclusions can be drawn.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by bb on Jun 18, 2019

Jmfn03

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 18, 2019
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.
Answer Preview
Only 29% of students answer this correctly


bb

  • Hero Member
  • *****
  • Posts: 544
Reply #2 on: Jun 18, 2019
Thank you!


Jmfn03

  • Sr. Member
  • ****
  • Posts: 323
Reply #3 on: Jun 18, 2019
Always glad to help...


clippers!

  • Hero Member
  • *****
  • Posts: 828
Reply #4 on: Jun 18, 2019


The table in the above figure shows the levels of output resulting from different levels of inputs. Returns to scale are greatest at which level of output?
◦ 200-400 units
◦ 400-600 units
◦ 100-200 units
◦ There is insufficient information to answer the question.


Ksh22

  • Sr. Member
  • ****
  • Posts: 297
Reply #5 on: Jun 18, 2019
100-200 units


penguins

  • Hero Member
  • *****
  • Posts: 903
Reply #6 on: Jun 18, 2019


The table in the above figure shows the levels of output resulting from different levels of inputs. At which level of input are there constant returns to scale?
◦ 400-600 units
◦ Constant returns to scale do not exist at any level of production.
◦ Constant returns to scale exist throughout all levels of production.
◦ No firm conclusions can be drawn.


lucas dlamini

  • Sr. Member
  • ****
  • Posts: 327
Reply #7 on: Jun 18, 2019
400-600 units


penguins

  • Hero Member
  • *****
  • Posts: 903
Reply #8 on: Jun 18, 2019
TY


lucas dlamini

  • Sr. Member
  • ****
  • Posts: 327
Reply #9 on: Jun 18, 2019
You're welcome


« previous next »
 

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Localization of a Peptide The peptide is revealed by means of immunocytochemistry. The photomicrogra Localization of a Peptide The peptide is revealed by means of immunocytochemistry. The photomicrogra
This chart shows the various lines of responsibility and how they differ in presidential and parliam This chart shows the various lines of responsibility and how they differ in presidential and parliam
Proteins can have several levels of structure Proteins can have several levels of structure
If the frequency equals 60 Hz in Figure 10-1, what is the value of capacitance? If the frequency equals 60 Hz in Figure 10-1, what is the value of capacitance?
Cut the figure into two identical parts Cut the figure into two identical parts
Table Table
Video: Transcription - Introns and exons

For a complete list of videos, visit our video library