Show that the following production function has constant returns to scale. It can be through a particular example or by demonstrating the general case. 1/2 1/2 y = 5x;"x;2

Q: the returns to scale for the following production functions: q = K.34L.34 q = KLM

A: DISCLAIMER  “Since you have asked multiple question, we will solve the first 3 question for you. If…

Q: H8. Which of the following production functions exhibit(s) constant returns to scale?​I. Q = Min…

A: There are CRS if the doubling the all inputs result in the double of output.

Q: Which of the following can we conclude when production has economies of scale? Marginal cost…

A: please find the answer below.

Q: Is it possible to increase the labor productivity (output per unit of labor) in a given production…

A: Labor is said to be productive when the output per unit labor increases overtime. Diminishing…

Q: Explain the difference between increasing returns to scale and economies of scale. In what way are…

A: The aim of any firm to maximize the profits.  To maximize the profits firm has to increase the…

Q: The production function feature called "increasing returns to scale" means that if we increase…

A: Meaning of Microeconomics: The term macroeconomics refers to that situation under which the…

Q: Suppose the production function is given by Q = 5K - 3L 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: Question 5 Show that if a production function exhibit constant returns to scale, then the cost…

A: Constant returns to scale means when inputs increases by some percentage then output increases by…

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: Define the production function, f(x), and the average product associated with it. How do you…

A: Production is the process of transformation of inputs into output by using factors of production .…

Q: Suppose an automobile manufacturer is choosing between two production options. It can produce 100…

A:

Q: Consider the production function Q = 32K L (a) By dividing by L, find the Average Product of Labour…

A: The production function is the combinations of the labor and capital which are required to produce…

Q: Q47 In the long run, the law of diminishing marginal returns... a. Sometimes holds, depending on…

A: Option E Law of diminishing marginal returns shows that when an additional unit of production is…

Q: Assuming that the production function [Y=A(K, L, N, H)] exhibits constant returns to scale we can…

A: In economics, the term "returns to scale" basically refers to the variation or change in…

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: The production function f(L, K) =50k0.25 L0.75 exhibits increasing returns to scale. decreasing…

A: In economics, returns to scale measures the proportionality of change in output when the inputs are…

Q: Which of the following production function exhibits Economies of Scale? Q = K/2 + L O Q = K? + L Q =…

A: A production function depicts the relationship between the inputs used and the output produced in a…

Q: Explain each of the following: constant returns to scale;  decreasing returns to capital; and…

A: The term "returns to scale" in economics describes the speed at which a change in output causes a…

Q: Answer all the following seven parts. (a) Show the conditions for a Cobb-Douglas production function…

A: The term "long-run" refers to a period during which the production function is determined solely by…

Q: The production function y =2( K0.3 L0.2 ) exhibits constant returns to scale.

A: Production function shows relationship between output produced and inputs used in the production.

Q: Does the production function 50 q = 1000L - exhibit increasing, decreasing, or constant returns to…

A: Production function refers to a functional relationship between input and output.

Q: If a factory produces 100 TV sets per year, each TV will be quite expensive to make. However, if a…

A: Average cost= Total cost/ Quantity.

Q: Consider the production function: Y=Z*F (K,L,A) where Y is output, z is technology, K is capital,…

A: Answer-

Q: (1) f(L, K) = ALªK!-a (2) f(L, K) = (min {iL, jK})²

A: Returns to scale refers to how much output changes given a proportional change in all inputs- where…

Q: Solve the exercise with a production function with diminishing returns: In this case, production…

A:

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: If the production function is f(x1,x2) = x1,x2. a. Show whether this production function exhibits…

A: a.  The production function is f(x1,x2) = x1.x2 f(x1,x2) = x1.x2f(λx1,λx2) = λx1 λx2f(λx1,λx2)…

Q: The production function Q=KOLP where 0 ≤ a, ß≤ 1 is called a Cobb - Douglas production function.…

A: When we increase the all factors of production in a given proportion (t), then the resulting output…

Q: Given the linear production function: Log (Q) = Log (0.5) + Log (L) + Log (K) Where Q is the level…

A: Part a) Log (xy) = log (x) + log (y) Log (Q) = Log (0.5) + Log (L) + Log (K)  Log (Q) = log ( (0.5)(…

Q: Given: Y = 20(L.5K.4N.1) L is labor K is capital N is land L = 100 K = 100 N = 100 Does this…

A: Given data. Y = 20(L.5K.4N.1

Q: Maria produces pizzas using labor, an oven, and flour. When Maria uses 4 workers she can produce 100…

A: The condition that communicates the connection between the amounts of useful elements (like work…

Q: The production function for soy beans is q = K 0.25 L 0.45. Dose this production function have…

A: Given  Production function.  q = (K)^0.25 × (L)^0.45

Q: Find the marginal product of capital for the following production function and show if it has…

A: Returns to scale explain how production evolves over time in response to an increase in all inputs.…

Q: Microeconomics - Production Function Find the returns to scale of the following production…

A: In order to find the returns to scale of the production function , We put a constant before every…

Q: A firm that employs labor and capital has production function q = LK. What returns to scale does the…

A: Q=LK the above production function exhibits q=lk where, Q= quantity of output L= Amount of labor K=…

Q: What kind of returns to scale does this production function exhibit? f(z1, za) = z1(z2 - 8) for 21 >…

A: f(z1,z2) = z1(z2-8) z1>0 z2>8

Q: Suppose the production function is given by Q = 5K + 3L. What is the average product of capital when…

A: Given: The production function is:  Q = 5K + 3L

Q: What is the distinction between the laws and of returns and the returns to scale?

A:

Q: Q2. Determine the returns to scale of the following production function: Y = 5K0.5 +3L0.5 (a)…

A: Returns to scale refers to how production of a good changes when units of both inputs change.

Q: Determine whether the following statements are TRUE or FALSE. Explain your answer using graphs or…

A: Answer c) A constant return to scale is when an increase in input results in a proportional increase…

Q: Which of the following production function exhibits Diseconomies of Scale? Production function where…

A: If an increase in inputs by λ led to an increase in output by more than λ, the production function…

Q: Q2. Given a production function Q =f (K, L) = K+ 2L, both capital and labour are doubled, does this…

A: A production function shows the relationship between the inputs used and the output produced in a…

Q: Consider the production function q=√L+8K^(3).  Starting from the input combination (3,6), does the…

A: Given information: Production function q=√L+8K3 Input combination 3,6 (L = 3 and K = 6)

Q: Consider the following Cob-Douglas production function: f(k.1) = K°P°, where a 20 and > 0. 1. Show…

A: a) f(k,l) = kαlβf(nk,nl) = (nk)α(nl)β f(nk,nl) =nαkαnβlβf(nk,nl) =nα+β*(kαlβ)It is given that α>0…

Q: The production function q = 9K0.8L0.1 exhibits: a. increasing retruns to scale  b. constant…

A: The relationship between ou>tput and proportional increase in all the inputs is referred to as…

Q: Consider the following production functions and match them to the word that describes their returns…

A: When considering the production function and test their returns to scale. We multiply the production…

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

A:

Q: A firm produces according to the following production Function: Q= K^0.4L^0.5. MCK is $10 per K, and…

A: Returns to scale is the increase in production due to same unit increase in the inputs, labor and…