Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

question below Consider the production function q = (k + )5. For this inction to have diminishing marginal productivities and increasing returns to scale, it

image text in transcribed

question below

image text in transcribed
Consider the production function q = (k\" + \")5. For this inction to have diminishing marginal productivities and increasing returns to scale, it must be the case that: a. a > 1, ab' 1, ab' > 1. c. a 1. d. a

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

Essentials of Econometrics

Authors: Damodar Gujarati, Dawn Porter

4th edition

73375845, 978-0071276078, 71276076, 978-0073375847

More Books

Students also viewed these Economics questions

Question

Define density. Describe some uses of density.

Answered: 1 week ago