Does it have constant, decreasing , or increasing returns to

Assignment Help Macroeconomics
Reference no: EM13178871

A firm hires four workers and rents 16 acres of land for a season. It produces 150,000 bushels of crop. If it had doubled its land and labor,production would have been 335,000 bushels. Does it have constant, decreasing , or increasing returns to sale? Why?

Reference no: EM13178871

Questions Cloud

State nicotine in cigar smoke (ph is much more readily : Nicotine in cigar smoke (pH is much more readily absorped through the mucous membranes of the mouth than is nicotine in cigarette smoke pH
Calculate the average cost of producing : Does the firm have constant, increasing, or decreasing returns to scale? Why? If wages are $20,000 per person per operating period and capital units for $3,000 per unit per operating period, calculate the average cost of producing 12,000 units and..
Identify the graph which would best display the data : Identify the statistical measures that would be used to analyze the data and calculate those measures, and explain your choice.
Determine the instantaneous rate of change of p : transmitted by an AM radio station is given by P = 400 + 200m^2, where m is the modulation index. Find the instantaneous rate of change of P with respect to m for m
Does it have constant, decreasing , or increasing returns to : A firm hires four workers and rents 16 acres of land for a season. It produces 150,000 bushels of crop. If it had doubled its land and labor,production would have been 335,000 bushels. Does it have constant, decreasing , or increasing returns to s..
How many adult tickets were sold : A total of 381 tickets were sold for the school play. They were either adult tickets or student tickets. There were 61 fewer student tickets sold than adult tickets. How many adult tickets were sold?
Define and describe the internal rate of control : Define and describe Net Present Value (NPV) as it pertains to the new cafe, define and describe the internal Rate of Control
Idea of progress in the eighteenth century : What elements did the new world view possess that were to enable it to last until the "Idea of Progress" in the eighteenth century. Is it still part of who we still think we are today? Does it still define our place in the cosmos?
Find a linear model for the cost : Find a linear model for the cost, of waste collection as a function of the number of kilograms.

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!

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