72. The resulting increase in the total output as X and Y inputs increase per unit at a time is called: O production function increasing returns to scale constant returns to scale

Q: a. Is it possible to have diminishing returns to a single factor of production and constant returns…

A: Law of diminishing returns and constant returns to scale are different concepts. Therefore both can…

Q: QUESTION 6 Which of the following production functions exhibit constant rehurns to scale? In each…

A: Given: The various production functions are, as: 1) Y = K1/2L1/3 2) Y = 3K1/2L1/2 3) Y = K1/2 + L1/2…

Q: 1. Consider the production functions for good X and good Y: X = K? + L ; Y = 20\KL A. Show and…

A:

Q: we have assumed tha the production function simultaneously has constant returns to scale and…

A: The Constant returns to scale means the long run,keep adding number of input,and production is…

Q: A firm invests $125 million in a new manufacturing plant in your country. What would be the impact…

A: Negative externality is a negative spillover effect on the third party or society because of the…

Q: Q = AKBLa is a cobb doulas production function which is homogenous function of degree 4. Of what…

A: Production function refers to the functional relationship between the given input and the achieved…

Q: 3. Show that, for the two-input CES production function 1. 1-p

A: The CES Production Function refers to a neoclassical production function that shows constant…

Q: Answer the attached question

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

Q: Bridget's Brewery production function is given by Y(K,L) = 100(KL)^(3/4) where K is the number of…

A: Introduction, First of all we should put the values of the following in our mind That is y(k,l)=…

Q: Which of the following production functions exhibit constant returns to scale? In each case y is…

A: Given: The production functions are: 1y=K12L132y=3K12L12(3)y=k12+L12(4)y=2K+3L

Q: A 15 per cent increase in all inputs leads to only a 5 per cent increase in the output. Are the…

A: Percentage increase in input results to a less than proportionate increase in output is the known as…

Q: Bridget's Brewery production function is given by Y(K,L) = 100(KL)^(3/4) where K is the number of…

A: Production function is a mathematical functional relation between the inputs K and L to produce a…

Q: When a production function exhibits decreasing returns to scale, it means that: O A. a proportional…

A: The scale which helps in measuring the change in the level of productivity after increasing all…

Q: While the technology level and the amount of other inputs are constant, as the amount of bit input…

A: Factors are classified into two types: variable inputs and the fixed inputs. Variable inputs vary…

Q: Define constant, decreasing and increasing returns to scale.

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

Q: Production Function. Consider the Cobb-Douglas production function discussed in class: F(K, L) =…

A: The Cobb–Douglas production function is a functional form of the production function that is widely…

Q: F(Kt, Lt, At) Explain through example how diminishing marginal products can occur in the production…

A: Constant returns to scale means diminishing returns to factor. The second derivative of marginal…

Q: 4. Characterize the returns to scale of the production function (a) (doing the same for production…

A: Solution for 4b: Production function: y = ln (1 + x1x2 + x1x3 + x2x3 )

Q: 6. Which of the following are true (check all that apply) Note: IRTS=increasing returns to scale,…

A: ‘Return to scale’ means refers to the change in productivity i.e. proportion change in output(Y) due…

Q: O LounchPad • Country A and country B both have the production function Y = F(K, L) = K/³L?/3. %3D…

A: A production function has constant return to scale if the inputs and the outputs change by the…

Q: мса 32 If production conditions are such that a 10% increase in both the labour and capital inputs…

A: Production function shows the combinations of inputs that can be used to produce the output.

Q: The production function in the image uses a variable amount of labor and a fixed a mount of capital…

A: Production function states the functional relationship among input and output produced. In the…

Q: 9-100L0.8 K0.4 Given the production function above assume that capital is fixed at 20 units.…

A: As given Production Function is q = 100L0.8K0.4 Also capital is fixed at 20 units that means K = 20

Q: Suppose that output q is a function of a single input, labor (L). Describe the returns to scale…

A: Returns to scale: when all factors of production changes in a given proportion, then output could…

Q: 1. Consider the production functions for good X and good Y: X = K? +L ; Y = 20/KL A. Show and…

A:

Q: Question 19 Consider the following graph of a production function when capital is constant. (The…

A: The correct answer to the above-mentioned question is MPL(L1, K)>MPL(L2, K).

Q: QUESTION 8 Which of the following statements concerning the relationships between total product…

A: We can answer this question using subsequent graph of the Total Product, Marginal Product and…

Q: please help

A: Production technologies or production function defines a relationship between the output and inputs.…

Q: 4. A firm producing cars. The production function for shoes (Q) is: Q = K"² L"² where K is capital…

A: Answer -

Q: hen a production function exhibits constant returns to scale, it means that: A. a proportional…

A: Constant returns to scale production function means that the production function is…

Q: Does the production function 10 q = 1000L – K exhibit increasing, decreasing, or constant returns to…

A: Production function: The link between the number of productive inputs (such as labor and capital)…

Q: 12. In the following production function, Y-S(K, NA), suppose A increases by 10%. This increment in…

A: Y(K,L) = f (K, NA)

Q: why is optimal employment important in the production function

A: The production function depicts the technical association between the quantities of output (Q) that…

Q: 6. A general version of the Cobb-Douglas production function can be written as f(#1,..,In) = '.…

A: The Technical Rate of Substitution (TRS) is the rate at which one input must decrease so that the…

Q: Maize is produced according t8 lme q = 100(K° L°) %3D Starting with a capital input of 4 and a labor…

A: a production function gives the technological relation between quantities of physical inputs and…

Q: Under what conditions do the following production functions exhibit decreasing, constant, or…

A: When an increase in inputs results in a proportional increase in output, there occurs constant…

Q: antidades Be the production function Q (K, L) -12 (K + 41, which depends on the quantities Used from…

A: Given,  Production Function : Q(K, L) =23625(k1/4+4L1/4)4 and (K,L) = (2, 4)

Q: Assume that machine (K) and labor (L) can be used as perfect complements to perform some…

A: Given  Production function: Q=10min(K,L)           .... (1) Where K is  machine and L is labor

Q: Question 5 Which of the following production functions exhibit increasing return to scale?…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: 1. What is the fixed input use in this production? 2. What is the variable input use in this…

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

Q: 1. Do the following production functions exhibit increasing, constant of decreasing returns to scale…

A: "A production function states the relationship between factor inputs used and the amount of output…

Q: oj Consider the Cobb-Douglas production function P(L, K) total units of production when 19 units of…

A: Here we calculate the total unit of production of the given Cobb-Douglas production function by…

Q: Suppose the production function is given by O= 10K - BL. What is the average product of capital when…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: 1) Consider the long-run productior of shirts. The cost of the indivisible inpu 3 used in the…

A: Cost of invisible input used in the production of shirts = $400 per day. Addition cost of one shirt…

Q: uming a Cobb-Douglas production function with constant returns to scale, then, as L rises with K and…

A: Cobb-Douglas production function: It is one of the forms of production function which is widely used…

Q: Production Function. Consider the Cobb-Douglas production function discussed in class: F(K, L) =…

A: Given; Production function; F(K,L)=AK1/3L2/3 where; A= 1 K= 150 L= 10 Y=1(150)1/3(10)2/3…

Q: Economic1. For each of the following production functions, determine whether there areincreasing,…

A: Returns to scale refers to the proportional change in output when, in the long-run, all factors of…