H8. Which of the following production functions exhibit(s) constant returns to scale?​I. Q = Min (4K, 2L) II. Q = 2K + L III. Q = K0.8L0.2

Q: The following maintenance alternatives are considered for a new assembly line that has an a cost of…

A: Expected life = ∑Probability *Life  Regime  Service life by probability      Expected Life   0…

Q: Given the discussion of the effects of monetary policy in this​ chapter, how does a foreign monetary…

A: Hi! Thank you for the question As per the honor code, We’ll answer the first question since the…

Q: 8. The cost of producing a small transistor radio set consists of P23.00 for labor and P37.00 for…

A: Total Cost = Total Fixed Cost + Total Variable Cost Breakeven implies where the profit is 0 and the…

Q: PART 2 - C PROBLEM SOLVING PROBLEM NO.4 Compute for the CR Amount: $3500 market Value productivity…

A: Given that; Initial cost= $23500 operating cost per year= $8500 Market value ( salvage value)= $3500

Q: Quantity Marginal Benefit Marginal Cost 1 $50 $2 $45 $15 $39 $16 4 $5 $21 $-18 $38 Using the above…

A: Marginal cost is defined as the cost which is incurred by the producer in order to produce one more…

Q: A firm is in a monopoly market. The demand function (Qp) and total cost function (TC) of this firm…

A: We have second degree price discrimination where each block is charged with different prices.

Q: A piece of new equipment has been proposed by engineers to increase the productivity of a certain…

A: A amount of money today is worth more than a sum of money in the future, according to the concept of…

Q: If there is 3.5 percent frictional unemployment, 4 percent structural unemployment, and the actual…

A: Unemployment occurs when people are willing to do work but cannot find a job.

Q: is this time series stationary or non stationary? why (not)?

A: The correct answer is given in the second step.

Q: economics emphasizes the inherent instability in the macroeconomy and the resulting need for…

A: Government intervention can correct the economy when it is not producing at full employment.

Q: Next If firms in an oligopolistic industry successfully collude and form a cartel, what price and…

A: Oligopolistic:-  An oligopoly can be described as a form of market wherein a limited amount of…

Q: For a Saturday matinee, adult tickets cost $7.50 and kids under 12 pay only $5.00. If 110 tickets…

A:

Q: Quantity Total of Labor Product 45 95 120 4 135 140 91 138 130 Given the above table, the marginal…

A: Marginal product refers to the change in total product with respect to change in quantity of labor.

Q: A firm must decide between two designs. Their effective income tax rate is 33%, and MACRS…

A: Given information Two design Design A: Initial investment =$940000 Net revenue=$260000 Salvage…

Q: Revenue and cost (dollars per unit) MC AVC 50 40 30 20 10 10 30 40 50 Output (units per day) The…

A: For a perfectly competitive firm, prices are given. And it should produce and sell output at this…

Q: Olivia owns and manages an accounting firm. In Olivia's business, an example of physical capital…

A: Physical capital is defined as a factor of production that goes into making goods and services. It…

Q: Let us consider the case of Venezuela. A tariff is imposed on imported clothes in Venezuela. In the…

A: Solution:-  Quantity of clothes produce before the imposition of tariff = 15532 The quantity produce…

Q: 5. The market demand for super-sticky glue is Q = 240 – 6P and the market supply is Q=-60 + 4P.…

A:

Q: Arnie's Airlines is a monopoly airline that is able to price discriminate. If Arnie's decides to…

A: The strategy of charging the different prices to customers for the same service or product is being…

Q: What is supply side economics and what is the general assessment of the efficacy of supply-side…

A: Some refer to supply-side economics as "Reaganomics" or the "trickle-down" doctrine advocated by…

Q: onsider twd developed and developing countries, the population growth rate of eveloped countries is…

A: At a consistent state, capital per laborer is steady, that is investment is a breakeven investment.…

Q: The figure shows the age-earnings profiles for the native born and for immigrants. YSM = years since…

A: Given diagram

Q: F5

A: The measure of classification and differentiation based on the nature of competition in services and…

Q: If the nominal exchange rate of the Swiss Franc to Dollar is 0.95 from the Swiss point of view and…

A: The cost of converting one currency for another is known as the nominal exchange rate. It's the…

Q: Some individuals are unemployed because they are laid off from their jobs when the economy is…

A: Unemployment occurs when people are not able to find a job but they are willing to do a job.

Q: Demonstrate your understanding of the law of diminishing marginal returns.

A: Law of diminishing marginal productivity states that the marginal production from the additional…

Q: Discuss the economic impact of the global economy in developing countries and list three impacts…

A: The order to combine with the global economy has proven to be a valuable instrument. Countries can…

Q: Suppose Ming spends his entire income on two goods, X and Y, has "standard-looking" indifference…

A: Substitution effect  The substitution effect shows the effect of change in demand for goods due to a…

Q: Suppose you are estimating a wage regression, where salary is the dependent variable and age, years…

A: Regression basically refers to a statistical technique used in finance, economics, and other fields…

Q: An airline company price discriminates by charging higher prices to business travelers price…

A: Price discrimination is a marketing strategy that includes charging customers different prices based…

Q: Colluding firms, compared with competing firms, usually a. earn less economic profit. b. welcome new…

A: Collusion occurs when rival firms agree to work together – e.g. setting higher prices in order to…

Q: Use the following table to answer the next five questions. Market for Corn Price Quantity Demanded…

A: Demand curve shows a negative relationship between price and quantity demanded and supply curve…

Q: Today, you might be buying from a regulated natural monopoly when you purchase natural gas or…

A: A monopoly is a market structure where there is only one firm in the market for a good or service.…

Q: C. Suppose that for Q units of a certain product, the demand function is P = 200e010 cedis and the…

A: Given information Demand function P=200e-0.01Q Supply function P=(200Q+49)0.5

Q: a machine costs 80,000 and the salvage value after 20 years is 20,000. find the equivalent annual…

A:

Q: You have deposited your $20000 lottery winnings in an account that pays 8%interest compounded…

A:

Q: Required Q (2) if the demand function for a particular project is in the following form: Q = 75 - 5P…

A: As given Demand function is Q = 75 - 5P Price elasticity of demand = -dQdP×PQ

Q: The next four questions refer to the following supply and demand graphs: IV XIXI III P D. 33.…

A: Here, the given four graphs shows the shift in demand and supply curves in different markets, which…

Q: When a firm is able to engage in perfect price discrimination, its marginal revenue curve lies below…

A: The perfect degree price discrimination is practised by the monopoly firm. It extracts the entire…

Q: Agree or Disagree and Explain. Globalization is harmful to local cultures, their artistic…

A: Globalization is the movement of goods, technology, information, and jobs across national borders…

Q: 14. Choose the best answer. Market demand is equal to a country's total for a specific product or…

A: Market demand is defined as the total quantity demanded of a particular good or service by consumers…

Q: A(n) is a tradable contract that entitles its owner to certain rights and allows direct finance to…

A: In finance, there are many types of assets and liabilities.

Q: What is the term used to describe policy made by the Bank of Canada?

A: In an economy, there are different types of economic policies made by the government of a country…

Q: You were promoted as the manager of a new Clean-Well Sanitary Store that sells cleaning and…

A: Here we can assume the cross elasticity of demand where the proportionate change in price of one…

Q: Hugh, Frank, and Luis are the only three buyers of gold in a small mining town. Their inverse demand…

A: Market Price refers 5to the price of a certain good that suppliers charge in the market. It is where…

Q: Two traffic signal systems are being considered for an intersection. One system costs $33,000 for…

A: Minimum acceptable rate of return, or, MARR can be defined as the minimum amount of profit that is…

Q: The demand theory of discrimination focuses on which of the following? The demand for female labour…

A: The demand theory of discrimination states that discrimination occurs when despite the same…

Q: Pizza Hut Total product Labor (workers) (pizzas produced per hour) 1 6. 12 14 15 Using the data in…

A: Evaluating the MP of the labor from TP.

Q: Why return to capital is an essntial ingredient of engineering economy studies?

A: The measure that could be used for the assessment of capital efficiency and profitability of a…

Q: Which of the following could cause the aggregate demand curve to shift righ a) an increase in the…

A: Aggregate demand shows an inverse relationship between price level and the total output of goods and…

Factors of Production

Factors of production – in simple words means the factors that are used for producing any product or service. This includes the resources which are necessary for the manufacturing of products. Factors of production are also known as the building blocks of the economy.