Determine whether each one has constant returns to scale

Assignment Help Business Economics
Reference no: EM13835574

The following are different types of production function. Determine whether each one has constant, increasing or decreasing returns to scale.

a. Q=20L+20K+50

b. Q=30L²+25K²

C. Q=40L+20K+10LK

d. Q=25L0.4K0.8

e. Q=20L0.3K0.6M0.2

Reference no: EM13835574

Questions Cloud

What research methods were used in this study : What research methods were used in this study? Using the Unit 2 notes discuss the ethical issues that underlie this study
Depth review and comparison of change : You are doing a thorough analytical and in depth review and comparison of "change" in two companies. Pick out your two companies and their change. In 1 double spaced page, please submit your company selections, with a brief write-up on the changes..
The road haulage role in intermodalism : After evaluating the reading, please take one of the topics and describe it to the class - In your description, include a short synopsis of the issue and your opinion of the issue.
Describe the subject matter of the art work : What is the title of the art work. who is the artist. what is the date of production. Describe the subject matter of the art work. What is it about
Determine whether each one has constant returns to scale : The following are different types of production function. Determine whether each one has constant, increasing or decreasing returns to scale. a. Q=20L+20K+50 b. Q=30L²+25K² C. Q=40L+20K+10LK d. Q=25L0.4K0.8 e. Q=20L0.3K0.6M0.2
The story of an hour : Knowing that Mrs. Mallard was afflicted with a heart trouble, great care was taken to break to her as gently as possible the news of her husband's death.
Prepare a report that analyze the governance structure : Then prepare reports analysing the governance structure and practices of two companies. State whether there is consistency between the company's financial conditions as evaluated and discussed.
Write a paper on what you learned from video : View a video about the biography of an artist and their work; period or person(s) in history that pertain to art and/or history and type a 1 page paper on what you learned
Draw a table showing total marginal and average product : a. Draw a table showing total, marginal and average product up to an input of ten workers, and plot these on a graph. b. Show the range of labour where stages I, II and III of production occur. c. If workers can be hired for $40 per day and the avera..

Reviews

Write a Review

Business Economics Questions & Answers

  What conditions might the justice department approve

Under what conditions might the Justice Department approve a merger between two companies that operate in an industry with a premerger Herfindahl-Hirschman index of 2,900 if the postmerger index is expected to increase by 225.

  Better life index as indicators of economic performance

Compare and contrast the merits of GNI, Net National Product, and Your Better Life Index as indicators of economic performance in Brazil, Russia, China, and India.

  How does this alter the isocost and isoquant graph

How does this alter the isocost and isoquant graph? d.Given these forecasts, where should you expand production?

  Draw the indifference curve and budget line

Joe subscribes to an Internet provider that charges $2 per hour. He has $100 per month to spend and is at equilibrium by buying 10 hours of Internet access and $80 worth of other goods. Draw the indifference curve and budget line. If the company swit..

  Budget surplus to reduce the existing debt

Which of the following would occur if the federal government decided to use a budget surplus to reduce the existing debt.

  What loss to consumers can be decomposed into three pieces

The loss to consumers can be decomposed into three pieces: a transfer to domestic producers, a transfer to the government, and a deadweight loss. Use your diagram to identify these three pieces.

  The unemployment produced by fluctuations in economic

Which of the following equals the market value of all final goods and services produced in an economy, stated in the prices of a specific base year?

  What would in the market for unskilled labor

Show what would in the market for unskilled labor if Congress were to raise the federal minimum wage to $9.00 per hour. The value of the Syrian pound has dropped

  Q1 y fk l a k04l10a calculate the marginal product of

q1. y fk l a k0.4l1.0a calculate the marginal product of labor mplb does this production function exhibit diminishing

  Illustrate what is the firm total revenue

If the above monopolist were to behave like a perfectly competitive firm (operating in the long run), determine its output. Illustrate what is the firm's Total Revenue.

  Q1 suppose a health expenditure function is specified in

q1. suppose a health expenditure function is specified in the following manner e 500 0.2y where e represents annual

  Marginal cost exceeds marginal revenue-maximizing monopolist

If marginal cost exceeds marginal revenue, a profit-maximizing monopolist will

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd