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 52 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?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Synapomorphies at different levels Synapomorphies at different levels
Levels of Prevention Levels of Prevention
figure 18-1 pituitary hormones figure 18-1 pituitary hormones
Contact dermatitis resulting from poison ivy. Contact dermatitis resulting from poison ivy.
EYEMA-O-BYERI (Reliquary Figure) EYEMA-O-BYERI (Reliquary Figure)
Periodic table of the elements Periodic table of the elements
Video: Role of the respiratory system - effect of altered ventilation rates

For a complete list of videos, visit our video library