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Question: Returns to Scale. Determine whether the following production functions exhibit constant, increasing, or decreasing returns to scale.
Need to express how you arrived at the solution using excel functions.
A. Q = 0.25X + 5Y + 30Z
B. Q = 4L + 15K + 600
C. Q = 2L0.2K0.6
Formulate and solve this exercise to maximize the environmental benefit for the county. The yearly environment benefits for each type of land use per acre are scored as follows:
Medicare recipients pay a monthly premium for coverage, must meet an annual deductible, and have a co-payment for doctors' office visits. What impact would an increase in the monthly premium have on their consumer surplus? What would be the impact of..
Make a second histogram, also with 14 classes, using class boundaries 4.14, 4.34,..., 6.94. The classes are those from (a) moved 0.06 to the left. How many modes does the new histogram show?
you put 20000 on deposit on your thirtieth birthday at 5 percent compounded annually. on your fortieth birthday the
The marginal private cost (MPC) of such lawn upkeep is represented by the following equation: MPC = 0.5Q, where Q is again the number of hours engaged in lawn upkeep. how many hours of lawn upkeep will occur in this community.
within the discussion board area write 400-600 words that respond to the following questions with your thoughts ideas
Why does the U.S.'s deficit, surplus and debt have an effect, tax payers, future Social Security and Medicare users?
There are 100 dog kennels in Atlanta. An economist studying the pricing behavior of dog kennels tells you that she is limiting her analysis to a time period that does not allow for any new dog kennels to enter the industry or for any established d..
this document shows the uses supply and demand model to explain the evolution of the price of gold and silver. document
prepare a 2-4 page paper that describes the basic features and consequences of the industrial revolution. explain the
If the available amount of raw materials and labor are 13,400 pounds and 7,800 h, determine the outputs of A and B.
How many more people would be working? By how much would output increase if GDP per worker was $100,000? What will per capita income be in 2025 if the world's economy doesn't grow?
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