User Account

All Pages

Decreasing and then increasing returns to scale

Assignment Help Other Subject
Reference no: EM13801202

In the Short run, is it possible for a firm to change inputs?

a. Yes, any andall inputs can be changed.

b. Yes, although only small input changes are possible.

c. No, all inputs are fixed in the short run.

d. Not completely; one or more inputs are fixed.

e. It depends on the duration of the short run.

If output is produced according to Q = K + 3L, then this production process exhibits:

a. increasing returns to scale

b. decreasing returns to scale

c. first increasing and then decreasing returns to scale

d. constant returns to scale

e. first decreasing and then increasing returns to scale

If output is produced according to Q = (KL)^1/4, then this production process exhibits:

a. increasing returns to scale

b. decreasing returns to scale

c. first increasing and then decreasing returns to scale

d. constant returns to scale

e. first decreasing and then increasing returns to scale

Firm X sells output at P = $4 per unit and pays labor a wage of $20 per hour. The marginal product of labor is given by: MPL = 30-.1L. What is the profit maximizing quantity of labor?

Reference no: EM13801202

Questions Cloud

How a particular political perspective derives from process : In discussing one of these topics, the goal is to relate how a particular political perspective derives from process philosophy (such as socialism). In making the connection, incorporate clear references from the required reading.
Describe the history of the religion : Describe the history of the religion
What day will number of infected chicken equal to vaccinated : An outbreak of a new disease began on a local chicken farm. On what day will the number of infected chickens equal the number of vaccinated chickens?
Commercialization of organ transplants : Imagine that you are a member of an ethics committee listening to arguments for and against altering the way in which human organs are obtained for patients in need of transplants.
Decreasing and then increasing returns to scale : Firm X sells output at P = $4 per unit and pays labor a wage of $20 per hour. The marginal product of labor is given by: MPL = 30-.1L. What is the profit maximizing quantity of labor?
Organizational information theory uses a systems approach : Organizational Information Theory uses a Systems Approach to communication theory.
Problems based on response variable : How many different experiments would need to be run to cover all of the permutations?
What is the role of the prosecutor : What is the role of the prosecutor. How does a prosecutor determine which cases to pursue. What would happen if the criteria for taking a case were more or less stringent.
Search the web for effective : Examine "All Children Can Learn". Then, search the web for effective, evidence-based differentiated strategies that are engaging, motivating, and address the needs of individual learners.

Reviews

Write a Review

Other Subject Questions & Answers

  Attempts to measure skills-abilities or traits

Considering how employers and fellow team members might use this instrument at work. Is this test reliable? Is it valid? What are the potential benefits and drawbacks of a test that attempts to measure skills, abilities, or traits?

  Trick-or-treating for halloween

While out trick-or-treating for Halloween, at first Billy's neighbors had to remind him to say "trick or treat" before they dropped their treats into his bag. As he continued to visit houses in the neighborhood, soon Billy would say "trick or treat" ..

  Through the global media and communications technologies

Cultural Globalization: Through the global media and communications technologies, virtually everyone on earth is exposed to foreign ideas and practices. Some argue that the scale of global communication and migration has begun to break down national ..

  Evaluating the discrimination

Geri starts protesting, in front of the other customers, that she is not going to do the customer's hair because "she doesn't do black hair." The customer, totally humiliated and crying, leaves the premises. Is Mary liable under Title VII?

  Explain relationship between contemporary politics and

the system of federalism was instituted with the writing and authorization of the constitution in 1787. in dividing

  Proposal adequacy checklist for organizing a proposal

Analyze the proposal adequacy checklist  for organizing a proposal, and summarize the intrinsic value of two (2) of the suggestions on the checklist. Prepare and articulate an argument in support of your position.

  Professional socialization and strong achievement

"Because of their professional socialization and strong achievement needs, physicians want to deliver high quality excellent care to their patients. However, in order for them to know how well they are doing in this regard, they need to be able to as..

  Implications and limitations of research

To prepare for this third Final Project assignment, review the findings from your Part II Final Project assignment.

  The irony of american history

What does Niebuhr call "The Irony of American History" and why has this book been so influential?

  Recognize deployment strategy for success of technologically

Given the organizational and industry context, recognize and recommend the deployment strategy which will facilitate the success of technologically driven organization.

  Importance of situating a society cultural

Explain how key social, cultural, and artistic contributions contribute to historical changes. Explain the importance of situating a society's cultural and artistic expressions within a historical context.

  Federal system as well as your home states system

Explain how cases follow this path, in both the Federal system as well as your home state’s system. Show how cases are appealed and for what reasons they may be appealed. How do appellate courts (including the Supreme Court) decide which cases to acc..

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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