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

Author Question: Suppose the production of DVD players can be represented by the following production function:q = ... (Read 97 times)

dbose

  • Hero Member
  • *****
  • Posts: 597
on: Mar 14, 2021

Question 1

Returns to specialization can occur when
◦ increasing the amount of labor allows workers to specialize.
◦ the exponents of the Cobb-Douglas production function are greater than 1.
◦ a firm doubles its inputs.
◦ the average cost curve is above the marginal costs curve.

Question 2

Suppose the production of DVD players can be represented by the following production function: 
q = L0.4K0.4. Which of the following statements is (are) TRUE?
◦ The production function has decreasing returns to scale.
◦ The marginal productivity of labor falls as labor increases in the short run.
◦ Capital and labor can be substituted for one another.
◦ All of these.
Managerial Economics and Strategy ¦ Perloff, Brander ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by dbose on Mar 14, 2021

Sierray

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Mar 14, 2021
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 50% of students answer this correctly


dbose

  • Member
  • Posts: 597
Reply 2 on: Mar 14, 2021
Thanks for the timely response, appreciate it

Perkypinki

  • Member
  • Posts: 339
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

An Estimate of the Time of Global Peak Conventional Oil Production An Estimate of the Time of Global Peak Conventional Oil Production
Production of Ethanol process Production of Ethanol process
How to perform the concavity test and second derivative test for a function (Part 2) How to perform the concavity test and second derivative test for a function (Part 2)
World Aquaculture Production "لإنتاج العالمي لتربية الأحياء" World Aquaculture Production "لإنتاج العالمي لتربية الأحياء"
Hepatic Acinus Model of Liver Function Hepatic Acinus Model of Liver Function
Periodic Function p2 Periodic Function p2
Video: Net filtration pressure and lymph formation, edema & blood velocity

For a complete list of videos, visit our video library