FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Currently, XYZ Corporation can produce 50 units of output using 20 workers and 8 units of capital Which of the following changes in the

image text in transcribed
image text in transcribed
1. Currently, XYZ Corporation can produce 50 units of output using 20 workers and 8 units of capital Which of the following changes in the number of workers, units of capital, and quantity of output are consistent with constant returns to scale? Workers Capital Output A 40 100 40 90 20 25 10 25

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Microeconomics

Microeconomics

Authors: David Laibson, John List

Global Edition 1st Edition

1292079576, 978-1292079578

More Books

Students also viewed these Economics questions

Question

★★★★★
The men's Olympic record for the 1500 meters was 3:36.8 in 1972 and 3:35.9 in 1988. Find and graph the line connecting these. (Don't forget to convert everything into seconds.) The world record times...

Answered: 1 week ago

Question

★★★★★
How would a clearing arrangement work between the Ukraine and Lithuania, whereby the Ukraine exports grain and Lithuania exports shoes?

Answered: 1 week ago

Question

★★★★★
For the events A and B of a sample space it is known that P(B) = 0.5 and P(AB) = 0.2. Then, the conditional probability P(A|B) equals (a) 0.6 (b) 0.3 (c) 0.5 (d) 0.1 (e) 0.15

Answered: 1 week ago

Question

★★★★★
1. What would be other clues that the AP system is in need of review? 2. Which individuals within the hotel need to be involved in this review process? 3. What would be the likely consequence(s) if...

Answered: 1 week ago

Question

★★★★★
What is the major difference between variable names in PHP and variable names in JavaScript?

Answered: 1 week ago

Question

★★★★★
Prove the given identity. sec xcsc x- sin x sec x cos xcsc X This quiz: 25 po This question: 3 Choose the correct proof below. OA. sec xcsc x- sin xsec x = cos x sin x 2 1- sin...

Answered: 1 week ago

Question

★★★★★
1. A firm has 1,000,000 shares outstanding with a price per share of $25.10 (previous to any dividend payment). It decides to pay out cash dividend of $2,100,000. What will the share price be after...

Answered: 1 week ago

Question

★★★★★
QWE Bank Limited originates a pool of 250 mortgages, each with 30-year maturity and averaging $250,000 with an annual mortgage coupon rate of 6 percent. The mortgage backed security insurance fee is...

Answered: 1 week ago

Question

★★★★★
On 15 November 2019, a wheat farmer became concerned that by the time her 200 metric tonne crop was ready for delivery in April 2020 that the price would fall below $335 per tonne - her break-even...

Answered: 1 week ago

Question

★★★★★
Your firm-has A/P with credit terms of 1/15, net 30. What is the annualized cost of skipping the discount on day 15 and paying the full invoice amount on day 30? 24.6% 37.2% 18.6% 8.1%

Answered: 1 week ago

Question

★★★★★
total monthly production costs are 10,000 on a lot of 250 units. you sell each unit for $150. If all 250 units sell each month, how would you calculate your annual profit

Answered: 1 week ago

Question

★★★★★
Please offer answer to atleast 1 question 27 logging firms use a forest to collect timber. Each firm / must choose how many trees to cut, 9,. The benefit of cutting a tree is 1000- 5 G per tree,...

Answered: 1 week ago

Question

★★★★★
What does this look like?

Answered: 1 week ago

Question

★★★★★
1. The purpose of this chapter is to describe the key principles, procedures and strategies of personal communication benchmarking, as understood in this context.

Answered: 1 week ago

Question

★★★★★
1. Set a personal goal for yourself in your work situation. Examine this goal in the light of the 10 factors to achieve goals.

Answered: 1 week ago

Previous Question Next Question