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 144 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?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

(a) Feeding by bear on salmon results in large allochthonous inputs of nutrients into (b) the forest (a) Feeding by bear on salmon results in large allochthonous inputs of nutrients into (b) the forest
This image shows growing blood vessels in the retina of a mouse This image shows growing blood vessels in the retina of a mouse
Pulse oximetry. The small device provides a digital readout of oxygen levels in the blood. Pulse oximetry. The small device provides a digital readout of oxygen levels in the blood.
Fluidization - Calibration Table Pump #2 Fluidization - Calibration Table Pump #2
Mobilize joints of the feet and ankle. Apply scissoring to metatarsals and figure-8s to toes. Dorsi- ... Mobilize joints of the feet and ankle. Apply scissoring to metatarsals and figure-8s to toes. Dorsi- ...
In the figure, a 10.0-m long bar is attached by a frictionless hinge to a wall and held ... In the figure, a 10.0-m long bar is attached by a frictionless hinge to a wall and held ...
Video: Type of Transport - Active and Passive Processes

For a complete list of videos, visit our video library