18. If a firm increases all of its inputs by 10 percent and its output increases by 10 percent, then: A) it is encountering diseconomies of scale. it is encountering economies of scale. it is encountering constant returns to scale. the marginal products of all inputs are falling. B) C) D) 6.

Q: 12 true or false The point at which the marginal product of a variable input is at a maximum…

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Q: 16. The long-run average total cost curve: A) displays declining unit costs so long as output is…

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Q: Question 4 Suppose the short-run production function for a firm producing books is given by: (…

A: Given, Q=4L-0.4L2+2K PQ=10K=7.5W=15R=8

Q: *33) Economies of scale exist when the A) total cost of production falls as the output increases. B)…

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Q: Define Economies of Scale, Diseconomies of Scale, Constant returns to scale.

A: Economies of scale: Economies of scale  are the cost advantage happens due to increase in…

Q: Question 21 If a firm's production exhibits diseconomies of scale then which of the following is…

A: The additional unit that is produced by the form is called marginal product and the cost that is…

Q: ii) Listed in the table is the short-run total cost for Firm C. Output 1 2 3 4 Cost 20 39 57 74 90…

A: The diminishing return means the marginal cost should increase as the output increases.

Q: 1.Assume that a firm experiences constant returns to scale over twenty-five percent of its output…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: 22. The long-run average total cost curve: a. displays declining unit costs so long as output is…

A: Has to answer only one question as per guidelines. 22. long run average total cost curve is the…

Q: Suppose a chair manufacturer is producing in the short run (with its existing plant and equipment).…

A: a. The marginal and average product of labor can be calculated as follows: Thus, both marginal and…

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A: The changes in long-run average cost with respect to output decide whether the firm is experiencing…

Q: 13) Consider a technology exhibiting diminishing MRTS. If capital is fixed, but a firm varies labor…

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A:

Q: 4. F&D Manufacturing company increases all its inputs by 50 percent each. If F&D's output increases…

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Q: If a firm increases all of its inputs by 8 percent and its output increases by 8 percent, then…

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Q: 6. Suppose that a firm has the following production function: Q = min{L, K} and %3D rent = wage = 2.…

A: Production function : Q(K , L ) = min {L ,K  }  This production function is an example of perfectly…

Q: In the short run, when a firm produces 60 units of output, its total fixed cost is $120. Then the…

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Q: 18. If a firm increases all of its inputs by 10 percent and its output increases by 10 percent,…

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Q: 6. Consider the following Cobb - Douglas utility function: U = χαγβην *Note, it should be assumed…

A:

Q: Question 6 The table below describes the cost functions for a food manufacturer. Total Fixed…

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A: Marginal product refers to the additional output that obtained by increasing one more unit of…

Q: QUESTION 13 The short term is a period of time: O of one year or less where a firm can finish one…

A: Hi! thanks for the question but as per the guidelines, we answer only one question at one time.…

Q: Question #05 The short-run cost function of a company is given by the equation TC=200+55q, where TC…

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Q: Question 3 If a firm's production exhibits diseconomies of scale then which of the following is…

A: Option D

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A: Return to scale is a long run concept, which measures the change in total output due to the change…

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A:

Q: 1. In the short run marginal product is diminishing because: A. barriers to entry prevent new firms…

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Q: [16] Operating in the short run with one fixed input and one variable input, the marginal product of…

A: (16) Answer: Given Information, Marginal Product (MP) = 10 - X Output price = 3 Variable Price (Let…

Q: 7. The unit price of production input K is 8 euros and the unit price of production input L is 10…

A: Answer: Given, Price of K = 8 euros Price of L = 10 euros Production function: Y=K/4+L To find:…