User Account

All Pages

Determine the production functions

Assignment Help Macroeconomics
Reference no: EM132506672

Determine whether each of the production functions below displays constant returns to scale. Justify your answer. (Hint: You can prove constant returns to scale by doubling the inputs and checking to see if output exactly doubles) (a) Y = K0.8N0.8 (b) Y = 3K2 + 4N2 (c) Y = 10KN

Reference no: EM132506672

Questions Cloud

Explain some of the causes of increased wage inequality : Explain some of the causes of increased wage inequality.
What is the interest rate that charlie corp will be paying : The manufacturer has offered to accept £28,700 payments at the end of each of the next six years. What is the interest rate that Charlie Corp. will be paying?
Identify which country has absolute advantage in green beans : Identify which country has the absolute advantage in green beans and which country has the absolute advantage in tomatoes.
How long wil take for bill to recoup initial investment : How long will it take for Bill to recoup his initial investment in project B? How long will it take for Bill to recoup his initial investment
Determine the production functions : Determine whether each of the production functions below displays constant returns to scale. Justify your answer. (Hint: You can prove constant returns
SITXFIN003 Manage finances within a budget Assignment : SITXFIN003 Manage finances within a budget Assignment Help and Solution, Australian College of Trade - Assessment Writing Service
Describe an earmark that seems to be used : Describe an earmark that seems to be used by the Congressperson to get reelected, rather than for the good of the country.
Which alternative should choose : Assuming that the cost of money is the only factor in Judy's decision and that the cost of money to her is 8%, which alternative should she choose?
Immigration of skilled workers : Explain how each of the following will impact economic growth: (Remember, explain means how and why.)

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

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