Question: question below Consider the production function q = (k + )5. For this inction to have diminishing marginal productivities and increasing returns to scale, it

$question below Consider the production function q = (k\" + \")5.$

question below

Consider the production function q = (k\" + \")5. For this inction to have diminishing marginal productivities and increasing returns to scale, it must be the case that: a. a > 1, ab' 1, ab' > 1. c. a 1. d. a

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

If a force of P = 100 N is applied to the handle of the toggle clamp, determine the horizontal clamping force NE that the clamp exerts on the smooth wooden block at E. 60 mm 50 mm 160 mm 75 mm

Consider the production function q = k l . For this function to have diminishing marginal productivities and increasing returns to scale, it must be the case that a. > 1, > 1, + 1, > 1, + >...

A) Given a Cobb - Douglas production function Q = 150K0.5L 0.5 , show that when the average product of labour (APL) is at a maximum it is equal or identical to the marginal product of labour (MPL)....

Only need detail answer for part A and D . Dont need other part if they do not have link to part A and D ? Submit Questions 1 (a) and 1 ((1). Question 1 Consider the production function: F(L, K) =...

QUESTION 1 Every 2 x 2 game has at least one mixed-strategy Nash Equilibrium A. True B. False QUESTION 2 Consider the game below.The only pure strategy equilibrium(s)is (are): Player 2 A B Player 1 C...

QUESTION 12 Which of the following production functions exhibits a constant elasticity of substitution? O a. q = 3k + 21 Ob. g = 10.310.7 Ocg = Ink + In 12 O d. All of the above have a constant...

Question 1 Consider the production function: F(L, K) = L%K%. Suppose the wage rate (price per unit of labour), w, is 1 and, the capital rental rate (price per unit of capital), 7", is 2. (a) Does...

economics here are my questions 5 Question 5: Caballero & Krishnamurthy (2006) - Welfare and Bubbles Consider the model in Caballero and Krischnamurthy (JME, 2006) that we studied in class. Compute...

here are economics questions help me answer them all.its a complete kindly help mi.... Money in the Utility Function (Final, 2005) Assume that consumer's utility in period / depends on consumption...

help please D Question 1 1.95 pts 1. Consider the following PPFs for countries A and B, and their respective autarkic output levels. B YA XA X B x B Country A Country B If trade subsequently opens,...

Economics questions... . Suppose that a market is composed of two firms that simultaneously choose quantities. Firm 1 has 22 a cost function C1(q1) = q1^2. Firm 2 has a cost function C2(q2) =...

a. What is a pilot study? b. What can go wrong if you dont do a pilot study?

XS Supply Company is developing its annual financial statements at December 31, 2010. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and...

4 . Which of the following are typical characteristics of foraging societies? A . Relatively egalitarian social relationships B . Profound desire for technological advancement but a lack of means to...

Jasper Consulting Ltd. has been providing social media consulting services to its customers for several years. The company provides consulting on an annual contract or special assignment basis. All...

David has a driveway easement over Carols property. By the terms of the easement, the driveway easement expired six months ago. David continues to use the driveway easement. Can Carol sue David for...

4. A quantity of an ideal gas occupies 15 litres at 15 atm and 140 K. Calculate: i. the final volume of the system [10 marks] ii. the work done by the system [15 marks] if the system undergoes a...

3. Show that for a reversible adiabatic process, P,V = PV = PV = cons tant [5 marks]

Which of the following functions are harmonic 1 Re- everywhere but at (0,0) Arg z everywhere but at (0,0) x - y on the entire plane on the entire plane 3x -3.xy + y on the entire plane QUESTION 6...

Among a group of 5 8 programmers, who know either Java or Python or both, 1 5 only know Java and 1 3 only know Python. What is the probability of randomly choosing a programmer who knows both...

4. What is the meaning of this statement, we should always demarcate a problem in accordance with our objectives, or with what we are trying to understand? a) Give at least three examples that shed...

3. Discuss the following statements: a) The way in which a problem is structured provides many of the premises for the actual solution. b) Our assumptions about the demarcation of a problem will...

1. Discuss the following statements: a) When the cause is identified, the effect has always occurred already. b) Predictions made with hindsight are almost always correct.