Consider the following production function for combination
Consider the following production function for combination of capital and labor, Q=f(L,K)=L^0.4*K^0.5. Is this function homogeneous in K and L?In the long-run, does it exhibit increasing, constant, or decreasing returns to scale?
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two gear wheels with radius of 25 cm an 60 cm have interlocking teach. How many radians does the smaller wheel turn
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A fast-food company spends millions of dollars to develop and promote a new hamburger on its menu only to find that consumers won't buy it because they don't like the taste. From an economic perspective, the company should:
A 58.0 kg crate rests on a level floor at a shipping dock. The coefficients of static and kinetic friction are 0.700 and 0.480, respectively. What horizontal pushing force is required to just start the crate moving
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Individual retirement accounts, or IRAs, were established by the U.S. government to encourage saving. An individual who deposits part of current earnings in an IRA does not have to pay income taxes on the earnings deposited, nor are any income taxes
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On December 29, the cost of a skiing trip to Finse, Norway, was 6,500 krone. Two weeks later, the American dollar appreciated against the Norwegian krone. If the price of the trip in Norway remains the same: A)an American skier living in Florida will
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