If we are using 200 units of labor and 200 units of capital to produce 1000 units

No answer yet for this question. Ask a Tutor

Question:

If we are using 200 units of labor and 200 units of capital to produce 1000 units of output and we double our labor and capital to 400 each and output increases to 3500,

what kind of returns to scale do we have?Why?Draw the LAC for this firm.

Posted Date: Jun 26, 2024 12:05 PM

See More Questions

BKM Foundry manufactures different kinds of equipment used by the aerospace, commer cial aircraft, and electronic industries. Twenty different products are created using two ma jor manufacturing...
Black Hills Corporation is a diversified energy corporation and a public utility holding company. The following gives the firm's earnings per share and dividends per share for the years 2000-2004...
Group health insurance is available through employers and other organizations, and all or part of the premium costs are paid by employers. Employer-based group health insurance __________. Group of...
Part A and B. Part A: Population of standard values has standard normal distribution. What % is between -.23 and .23? Part B: A bag weighs 9 oz., has a mean of 9.12 and a standard deviation of .15...
As part of your internship at Howe Inc. you have been assigned the job of developing a few important ratios from the company's financial statements. This information is intended to be used by the...
Throughout this chapter we have considered the financial statements of Apple Inc. and have undertaken select financial analysis using the Takeaways. Utilize these same tools to analyze the financial...
Memoryman, a maker of computer memory devices, reports the following information in its financial statements. Assume that you are a loan officer at a major bank and have been assigned the task of...
Financial information related to Lynch Interiors for May and June of the current year is as follows: a. Prepare balance sheets for Lynch Interiors as of May 31 and as of June 30 of the current year....
Computer Parts, Inc., a manufacturer of computer chips, employs activity-based costing. The following budgeted data for each of the activity cost pools is provided below for the year 2010. For 2010,...
What percentage of medical insurance payments can self employed taxpayers deduct for adjusted gross income on their 2018 tax returns, assuming their self-employment income exceeds their medical...