Is production function characterized-constant return scale
Consider the production function Y=(√K)(L)
a. Calculate output when K=64 and L=100.b. If both capital and labor double, what happens to output?c. Is this production function characterized by constant returns to scale? Explain.
Expected delivery within 24 Hours
If, on average, Japan's real per capita output grew at a rate of 3 percent per year between 1973 and 1993. What would Japan's output per capita have been at the end of 1993?
Frantic Fast Foods had earnings after taxes of $390,000 in the year 2009 with 300,000 shares outstanding. On January 1, 2010 the firm issued 25,000 new shares. Because of the proceedings from the new shares and other improvements, earnings after t
Why might a parent company like McDonalds or Hilton choose to franchise its local outlets rater than own them and staff them with employees?
These repairs will benefit operations for the remainder of the calendar year. How should these expenses be reflected in Vancey's quarterly income statements?
Consider the production function Y=(√K)(L). Is this production function characterized by constant returns to scale? Explain.
Jim was in an auto accident this year. Jim paid $2,450 to repair his car after the accident, and his insurance only reimbursed him $400. Jim bought his car several years ago for $15,000. What casualty loss deduction from this accident can Jim comb
If Pisa, Inc.'s incremental borrowing rate is 10% and the rate implicit in the lease (which is known by Pisa, Inc.) is 8%, what is the amount recorded for the leased asset at the lease inception?
A frim producing the good in this market has the short-run production function Q=60L^2-L^3. Find the labor input that maximizes output.
Compare the minimum contacts test, as it is applied to the bricks-and-mortar activity of businesses, to their cyberspace activity. If you were a small business, seeking to sell to customers located in other states, what are some things you could d
1926890
Questions Asked
3,689
Active Tutors
1446601
Questions Answered
Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!
Which best describes federalism? Question options: a) An institutional arrangement where power is concentrated in the central government
Question: What was the main purpose of the Unfunded Mandate Reform Act (UMRA)? Question options:
While answering, consider the following, the country profile, the type of study and tools used for data collection, bias and any specific assumptions
Which of the following is an example of general revenue sharing? Money is given to a state to be spent on infrastructure improvements.
Which of the following is an example of preemption? The federal government offers Louisiana $500 million in grants-in-aid with the stipulation
What effect does regulated federalism have on public policies? Regulated federalism has produced more conservative policies across the states
Analyze what difference federalism makes for politics and government Contrast the differences between block grants and categorical grants