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
1930051
Questions Asked
3,689
Active Tutors
1460612
Questions Answered
Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!
Question: How can president check the actions of the judicial branch? A. they can impeach the supreme court justices
The belief by many Americans that they actually contribute to major governmental decisions through the power of their vote is referred
Problem: Identify a possible research question from the article "Can We Really Defund the Police?
A politician tells their constituents that they do not believe climate change is happening and that scientific evidence pointing to climate change is made up
What is one result of the courts' hands-off approach in reviewing the Executive and Legislative Branches' immigration decisions?
Why does bureaucracy persist and what does it stand for? Why does democracy matter and what does it stand for?
We recommend the establishment of a National Counterterrorism Center (NCTC), built on the foundation of the existing Terrorist Threat Integration Center