Show that the following production function is homogeneous and state whether it displays decreasing, increasing or constant

Question:

Show that the following production function is homogeneous and state whether it displays decreasing, increasing or constant returns to scale.
f (K,L) = (K² + L²)e^K/L

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Mathematics for Economics and Business

ISBN: 978-1292191669

9th edition

Authors: Ian Jacques

See More Books

Question Posted: Apr 18, 2019 08:57 AM

See More Questions

A firms production function is given by Q = K 2 L/K + 4L where K and L denote capital and labour, respectively. (a) Show that this production function is homogeneous of degree 2. (b) Calculate the...
Show that the following function satisfies the properties of a joint probability mass function. fxr (x, y) 1/4 1/8 1 1.5 2 1/4 1.5 1/4 1/8 2.5 4
Show that the following function satisfies the properties of a joint probability mass function. fr(x. y) 1/8 1/4 -2 -1 -0.5 1/2 0.5 1/8
Which properties of the Clean annotation must be true for the following to compile? (Choose three.) A. The annotation must contain exactly one element. B. The annotation must contain an element named...
On January 1, Campus Internet Connection opened for business across the street from Upper Eastern University. The company charges students a monthly fee of $20 and $ 1 for each hour they are online....
For the following exercises, sketch a graph of the hyperbola, labeling vertices and foci. (y - 3) 9 (x - 3) 9 = 1
Crush Autosmashers can purchase a new electromagnet for moving cars at a cost of $$20,000.$ At the end of its useful life, the electromagnet will be worth $$1,000.$ If Crushs MARR is 12...
Missouri Corporation shows the following information concerning the work in process at its plant: Beginning inventory was partially complete (materials are 100 percent complete; conversion costs are...
Suppose that Jane believes that lying is wrong, whereas Joe believes that lying is not wrong. What does Error imply about this disagreement?
The vortex tube (also known as a Ranque or Hirsch tube) is a device that produces a refrigeration effect by expanding pressurized gas such as air in a tube (instead of a turbine as in the reversed...
Future sales of two products A and B are given by S A = 5e 0.01t and S B = 2e 0.02t . Find the time, t, when sales of the two products are the same.
Express the following percentages as fractions in their simplest form: (a) 35% (b) 88% (c) 250% (d) 171/2% (e) 0.2%
How many items enter the computation of Cramers net cash flow from financing activities for 2018? a. 2 b. 5 c. 7 d. 3
Braking system for manual foldable wheel chair: we design a brake for wheel chair locking brake for parking how to get dimension from wheel chair.for brake model we have which type of analysis or...
Banglalink sometimes plays defensive and sometimes in attacking mode. Why do they do so? Discuss their attack and defense strategies and use suitable examples they exercised recently.
how do you add these functions to a code + / * + / * - sin , , con,tan ? ? #include "CalFrame.h " " #include enum { { ID _ _ BUTTON _ 0 = _ 0 = wxID _ _ HIGHEST + 1 , + 1 , ID _ _ BUTTON _ 1 , _ 1 ,...
Consider the function f: [-, ) R defined by 1, if - x T f(x) 0, if -x -1, if < x
Research what Social Media Listening is and why does it matter to businesses? 2. Give an example of an organization that uses Social Media Listening tools.
A 4.5-Hz wave with an amplitude of 12 cm and a wavelength of 27 cm travels along a stretched horizontal string. (a) How far does a given peak on the wave travel in a time interval of 0.50 s? (b) How...
Chao, Louis, and Mari, unrelated individuals, own all of the shares of Cerise Corporation. All three shareholders have been active in the management of Cerise since its inception. In the current...
In how many ways can 3 coins turn up heads H, or tails T if combined outcomes such as (H,T, H), (H, H,T), and (T, H, H) are considered as different? Solve Problem two ways: (A) Using a tree diagram,...
In Problem, use the given information to determine the number of elements in each of the four disjoint subsets in the following Venn diagram. n(A)= 70, n(B)=90, n(AU B)=120, n(U)= 200 UV
Explain how three sets, A, B, and C, can be related to each other in order for the following equation to hold true (Venn diagrams may be helpful): n(AUBUC) = n(A) + n(B) + n(C) -n(AnC) -n (BnC)
Sales Asha Inc. and Samir Inc. have the following operating data: Samir Inc. $1,131,000 Asha Inc. $369,100 Variable costs (148,100) (678,600) Contribution margin $221,000 $452,400 Fixed costs...
A 1.50 m segment of wire supplying current to the motor of a submerged submarine carries 1500 A and feels a 3.50 N repulsive force from a parallel wire 3.50 cm away. What is the direction and...
Two stars are orbiting each other in a binary system. If one star has a mass of 4.0 10 30 kg, the other star has a mass of 2.0 10 30 kg, and if they are 1.7 10 14 m apart, what is the force of...

Show that the following production function is homogeneous and state whether it displays decreasing, increasing or constant

Question:

Step by Step Answer:

AKALAKALeKL x...View the full answer

Mathematics for Economics and Business

Students also viewed these Mathematics questions