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

Question

1 Approved Answer

The production function 9 = k1.270.5 exhibits: a. increasing returns to scale but no diminishing marginal productivities. b. decreasing returns to scale. C. increasing returns


image text in transcribed
The production function 9 = k1.270.5 exhibits: a. increasing returns to scale but no diminishing marginal productivities. b. decreasing returns to scale. C. increasing returns to scale and diminishing marginal product for / only. d. increasing returns to scale and diminishing marginal products for both k and I.

The production function q = 1.210.5 exhibits: a. increasing returns to scale but no diminishing marginal productivities. b. decreasing returns to scale. c. increasing returns to scale and diminishing marginal product for / only. d. increasing returns to scale and diminishing marginal products for both k and /.

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

Managerial Economics A Problem-Solving Approach

Managerial Economics A Problem-Solving Approach

Authors: Luke M. Froeb, Brain T. Mccann

2nd Edition

B00BTM8FK0

More Books

Students also viewed these Economics questions

Question

★★★★★
What implications might the difference in initial training provision between the USA and Germany have for the organisation of work and the character of relationships between managers and...

Answered: 1 week ago

Question

★★★★★
Firm P, a non-corporate taxpayer, purchased residential realty in 1985 for $1 million. This year it sold the realty for $450,000. Through date of sale, Firm P deducted $814,000 accelerated...

Answered: 1 week ago

Question

★★★★★
In 2017 Jessica bought a new heavy truck for $45,000 to use 80% for her sole proprietorship. Total miles driven include 12,000 in 2017, 14,500 in 2018, and 13,000 in 2019. a. If Jessica uses the...

Answered: 1 week ago

Question

★★★★★
5. How is Mr. Bonner encouraging Marcuss self-efficacy?

Answered: 1 week ago

Question

★★★★★
Cooper Manufacturing, Inc., of Dallas, Texas, has a contract with the U.S. Air Force to produce a part for a new fighter plane being manufactured. The part is a bolt that has specifications requiring...

Answered: 1 week ago

Question

★★★★★
The following information pertains to Amigo Corporation: Month Sales Purchases July $30,000 $10,000 August 34,000 12,000 September 38,000 14,000 October 42,000 16,000 November 48,000 18,000 December...

Answered: 1 week ago

Question

★★★★★
Taco Time Corporation is evaluating an extra dividend versus a share repurchase. In either case, $25,960 would be spent. Current earnings are $2.80 per share, and the stock currently sells for $95...

Answered: 1 week ago

Question

★★★★★
The following cost behavior pattern describes anticipated manufacturing overhead costs for 2019: $297,500+ $9.0/unit. During the year, 35,000 units were produced and 32,750 units were sold. Required:...

Answered: 1 week ago

Question

★★★★★
Blue Spruce Valley Limited produces wine. Certain vintage wines take more than one year to age. The company has borrowed funds to cover the costs of this aging process. The company meets the interest...

Answered: 1 week ago

Question

★★★★★
Waterways Corporation is preparing its budget for the coming year, 2022. The first step is to plan for the first quarter of that coming year. The company has gathered information from its managers in...

Answered: 1 week ago

Question

★★★★★
Question 10 of 13 You noticed that a fast food restaurant's operating cycle is 30 days. Would this suggest the restaurant is selling food beyond its expiration date? Select an answer: No, because the...

Answered: 1 week ago

Question

★★★★★
On 31 December 20X0 the inventory of V was completely destroyed by fire. The following information is available: Inventory at 1 December 20X0 at cost GHS28,400. Purchases for December 20X0 GHS49,600....

Answered: 1 week ago

Question

★★★★★
The Sun Valley Corp. has expected demand of custom engines of 1,000 engines. Ordering cost per purchase order is $400. The carrying cost per year is $20. The purchasing lead time is 30 days. Please...

Answered: 1 week ago

Question

★★★★★
a) Show that (a, b) := {{a}, {b}} does not satisfy the ordered pair axiom. b) Determine whether each of the following statements is true or false. (Give a reason in each case): (i) {a, b} C (a, b)....

Answered: 1 week ago

Question

★★★★★
Innovation and risk taking-The degree to which employees are encouraged to be innovative and take risks? LO.1

Answered: 1 week ago

Question

★★★★★
Describe spirituality and characteristics of a spiritual culture? LO.1

Answered: 1 week ago

Question

★★★★★
Clarify how culture is transmitted to employees? LO.1

Answered: 1 week ago

Previous Question Next Question