Show that the following production function is homogeneous and state whether it displays decreasing, increasing or constant

Question:

Show that the following production function is homogeneous and state whether it displays decreasing, increasing or constant returns to scale.
f (K,L) = (K² + L²)e^K/L

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Mathematics for Economics and Business

ISBN: 978-1292191669

9th edition

Authors: Ian Jacques

See More Books

Question Posted: Apr 18, 2019 08:57 AM

See More Questions

A firms production function is given by Q = K 2 L/K + 4L where K and L denote capital and labour, respectively. (a) Show that this production function is homogeneous of degree 2. (b) Calculate the...
Show that the following function satisfies the properties of a joint probability mass function. fxr (x, y) 1/4 1/8 1 1.5 2 1/4 1.5 1/4 1/8 2.5 4
Show that the following function satisfies the properties of a joint probability mass function. fr(x. y) 1/8 1/4 -2 -1 -0.5 1/2 0.5 1/8
Which properties of the Clean annotation must be true for the following to compile? (Choose three.) A. The annotation must contain exactly one element. B. The annotation must contain an element named...
On January 1, Campus Internet Connection opened for business across the street from Upper Eastern University. The company charges students a monthly fee of $20 and $ 1 for each hour they are online....
Drawing one card at random from a standard deck of 52 cards, what is the probability of drawing a. The eight of diamonds? b. The eight of diamonds or the eight of hearts? c. An eight? d. A red card?...
Explore the nature of heroic and post-heroic leadership? L01
1. What business- level strategies is Nike pursuing? 2. How have Nikes business- level strategies changed the nature of industry competition? Nike, headquartered in Beaverton, Oregon, was founded...
Genuine Spice Inc. began operations on January 1 of the current year. The company produces 8-ounce bottles of hand and body lotion called Eternal Beauty. The lotion is sold wholesale in 12-bottle...
Ines, Inc., is a qualified private-sector company that provides health insurance to its employees. The company is self-insured. Which of the following forms should the company provide its employees...
Future sales of two products A and B are given by S A = 5e 0.01t and S B = 2e 0.02t . Find the time, t, when sales of the two products are the same.
Express the following percentages as fractions in their simplest form: (a) 35% (b) 88% (c) 250% (d) 171/2% (e) 0.2%
The following table represents the employment status and gender of the civilian labor force ages 16 to 19 (in thousands). a) What is the probability that a randomly selected 16- to 19-year-old...
MATA 31 Calculus 1 winter 2024 Problem Set 2 Feb 11 Feb 18 on Crowdmark Each question is 25 points. 1. (25) (a) (15) Given that lim 3 2x + 3 for = 0.1 = 3, find the largest & that works (b) (10) Find...
A retailer has product demand 9600 units a year. The carrying cost of one unit of the product is $3.50 per year. Ordering costs are $28 per order. a. What is the Economic Order Quantity (EOQ)? (2...
How do I key in this into journal entries Crest Pte Ltd Trial Balance Cash Accounts receivable, Augusta Office Equipment Opening Bal as at 1 Mar 2021 Debit (5) Credit ($) 15,000 5,000 13,000...
If an atomic layer is approximately 0.1nm thick, how fast are the protein synthesis machines working in atomiclayers/satomiclayers/s?
Consider the 4 sets of data shown below for v(t) the velocity of an object in freefall with the corresponding linear curve fits. The slope of the best fit line gives the acceleration, and for...
What type of triangle results in an ambiguous case?
Havel says the grocer doesnt believe what is on the sign and indeed, he says the grocers customers will barely notice it. But Havel maintains that the sign serves a specific function. How would you...
In how many ways can 3 coins turn up heads H, or tails T if combined outcomes such as (H,T, H), (H, H,T), and (T, H, H) are considered as different? Solve Problem two ways: (A) Using a tree diagram,...
In Problem, use the given information to determine the number of elements in each of the four disjoint subsets in the following Venn diagram. n(A)= 70, n(B)=90, n(AU B)=120, n(U)= 200 UV
Explain how three sets, A, B, and C, can be related to each other in order for the following equation to hold true (Venn diagrams may be helpful): n(AUBUC) = n(A) + n(B) + n(C) -n(AnC) -n (BnC)
The company sold merchandise to a customer on March 31, 2020, for $100,000. The customer paid with a promissory note that has a term of 18 months and an annual interest rate of 9%. The companys...
imer 2 0 2 4 Question 8 , PF 8 - 3 5 A ( similar to ) HW Score: 0 % , 0 of 1 0 0 points lework CH 8 Part 1 of 6 Points: 0 of 1 5 Save The comparative financial statements of Highland Cosmetic Supply...
An investor wants to purchase a zero coupon bond from Timberlake Industries today. The bond will mature in exactly 5.00 years with a redemption value of $1,000. The investor wants a 12.00% annual...

Show that the following production function is homogeneous and state whether it displays decreasing, increasing or constant

Question:

Step by Step Answer:

AKALAKALeKL x...View the full answer

Mathematics for Economics and Business

Students also viewed these Mathematics questions