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Author Question: The table in the above figure shows the levels of output resulting from different levels of inputs. ... (Read 127 times)

bb

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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
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Marked as best answer by bb on Jun 18, 2019

Jmfn03

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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.
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bb

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Reply #2 on: Jun 18, 2019
Thank you!


Jmfn03

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Reply #3 on: Jun 18, 2019
Always glad to help...


clippers!

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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

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Reply #5 on: Jun 18, 2019
100-200 units


penguins

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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

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Reply #7 on: Jun 18, 2019
400-600 units


penguins

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Reply #8 on: Jun 18, 2019
TY


lucas dlamini

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Reply #9 on: Jun 18, 2019
You're welcome


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