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Let f (?) be the production function associated with a single-output technology, and let Y be the production set. Show that Y satisfies constant returns to scale if and only if f (?) is homogeneous of degree one.
What is meant by the full cost of a product? Many organizations use the expression top dollars to mean the complete creating or technology cost of a product. To this organiz
what is random variable
a fair die is thrown 3 times. Let X1,X2,X3 denote the results of 3 throws. What is the probablity that p[X1>X2+X3]
Imagine you are faced with the opportunity to play two coin flips, in which you get to call heads or tails prior to the flip of a fair, two-sided coin. (That is, heads and tails h
Let a and b be constants and le yi=axi+b for i=1,2,...n. W HAT IS THE RELATION SHIP BETWEEN mean and variancees of X and Y ?
Ask question #Midifferentiate between sample and populationnimum 100 words accepted#
The annual precipitation amounts in a certain mountain range are normally distributed with a mean of 89 inches, and a standard deviation of 16 inches. What is the probability that
Explain why large lorries carrying heavy loads may not succed to go through a curve safely
marginal costing question and answer
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