A motor vehicle assembly plant requires the use of both capital and labour. The Telsa manufacturing plant is considering increasing the number of workers to increase production. Does diminishing returns hold in this scenario. a)  Does the Diminishing returns hold in this scenerio? YES/ NO b) Explain

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Q: S = 20L0.30c0.70 his formula L represents the units of labor input and C the units of capital input.…

A: Both part solved below,

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Q: 4. A firm has the following production function: Q = 50L + 6L² – 0.5L3 %3D (a) production function.…

A: Answer - "Thank you for submiting the questions.But, we are authorized to solve first sub parts…

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…

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

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Q: Question 3   A motor vehicle assembly plant requires the use of both capital and labour.The Tesla…

A: Since according to our guidelines we are allowed to answer one question at a time if you want the…

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A: Answer b

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A: MPL=∆TP∆LAPL =TPLTFC = Php2000 x KTVC = Php 700 x LTC = TFC + TVCMC =  ∆TC∆QAFC = TFCQAVC = TVCQATC…

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Q: QUESTION 25 Which of the following production functions exhibits constant returns to scale? OA Y=KL…

A:

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Q: 2.)Do fixed costs refer to the long run or short run? Why?

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

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

Q: a.)Suppose that labor is the only variable input in the production process. If the marginal cost of…

A: Note: You have uploaded two questions at a time . Hence, we shall answer only the first one for you.…

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A: 8) Law of dominshing returns states that as the number of units of a variable inputs is increased,…

Q: 3. An electronics plant's production function is Q = 5LK, where Q is its output rate, L is the…

A: Given:- Here we have, Q=5LK, where labour = L=$1 per unit and capital = K=$2 per unit also Q=1000…