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Intermediate Microeconomics: Calculus-based 2 +(211/a Does this production function have increasing or decreasing returns to scale?
For the production function Q = 8L2K2, returns to scale: is increasing. is constant. is decreasing. n be increasing, decreasing, or constant depending on the values of L and
1a) A production function has the form f(a,b) = a^2 x b^3 . Does this function exhibit constant, increasing, or decreasing returns to scale? 1b)A production function has the form f(a,b) = 3a^1/2 x b^1/2. Does this function exhibit constant, increasing, or decreasing returns to scale? Explain. Thank you.
Returns to scale in production: Do the following production function exhibit increasing, constant, or decreasing returns to scale in K and L? (Assume A is some fixed positive number.) (a) Y= K1/3L1/2 (b) Y=AK2/12/3 (c) Y= K1/2L1/2 (d) Y=K+ L (e) Y = K1/2L1/2 + L 2/3TI/3 2/3TI/3
1 Can an enterprise have production function, which exhibits increasing returns to scale, constant returns to scale and decreasing returns to scale with the increase of output? Discuss
Does this production function, q = 10L 0.5K 0.3, experience increasing, decreasing or constant returns to scale? Decreasing because 0.5 + 0.3 < 1. Increasing because an 80% increase in inputs increases outputs by 100%. Decreasing because a 100% increase in inputs increases outputs by 80%. A and C.
For the production function F(L,K)=(L+K)^2 find whether the firm has constant, increasing or decreasing returns to scale. . A firm has monthly production function F(L,K) = L+√1+K, where L is worker hours per month and K is square feet of manufacturing space. A. Does the firm's technology satisfy the Productive Inputs Principle? B. What is the firm’s MRTSlk at input combination (L, K)? Does the firm’s technology have a declining MRTS? C. Does the firm have increasing, decreasing, or constant...
For the production function Q = 3L + K, returns to scale: is constant is increasing is decreasing Can be increasing, decreasing, or constant depending on the values of Land K.
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.
Returns to scale. A production function has constant returns to scale with respect to inputs with inputs K and L if for any z > 0: F(z · K, z ·L) = zF(K, L), For example, for a production function with constant returns to scale, doubling the amount of each input (i.e., setting z = 2) will lead to a doubling of the output from the production function. A production function has increasing returns to scale if for any z >1: F(z ·...
The production function q = k0.620.5 exhibits: a. increasing returns to scale and diminishing marginal products for both k and 1. b. increasing returns to scale and diminishing marginal product for 1 only. c. increasing returns to scale but no diminishing marginal productivities. d. decreasing returns to scale.