Which of the following results when an increase in all inputs results in a more-than-proportionate increase in output? Group of answer choices Diseconomies of scale Economies of scale Increasing returns to scale Constant returns to scale

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: Suppose you are production manager of a manufacturing company. Specify the name of your company…

A:

Q: If a higher level of production allows workers to specialize in particular tasks, a firm will likely…

A: Economies of scale refers to the cost advantage of the producers that they earn on the output due to…

Q: Beyond a certain level of output, the short-run marginal cost witl rise because there is no fixed…

A: Law of diminishing return to scale implies that as the number of a variable input is raised keeping…

Q: A Vietnamese restaurant in Port-of-Spain decides to use a part of its dining hall to sell Vietnamese…

A: Economies of scale suggest average cost will decline as more is being produced. Economies of scope…

Q: The physical relationship between pipe flow-through and pipe circumference can be an explanation for…

A: This is used in chemical firm where there is Direct relationship between pipe flow capacity and…

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: Which of the following production functions demonstrates constant returns to scale? I. Q=5L+2K II.…

A: Constant returns to scale condition.Q(λK,λL)=λQ(K,L)

Q: Order the following components of a long run average cost curve as output expands based on which…

A: In the long-run, an average cost curve shows different phases of production when average cost…

Q: A firm trebles its inputs and discovers that its output rises by a factor of four. This is an…

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Which of the following would be exhibited if a doubling of output can be achieved without doubling…

A: The change in the output produced when the inputs are changed by a particular proportion is known as…

Q: For K > 0 andL > 0, the production function F(K,L) = 2KL + K has a. increasing returns to scale b.…

A: It has given that, K > 0 and L > 0 Now,F(K,L)=2KL+KAs K>0 and L>0lets assume K=2 and…

Q: If all resources used in the production of a product are increased by 20 percent and output…

A: In economics, the cost of production is outlined because the expenditures incurred to get the…

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: The difference between ATC and AVC decreases with decrease in level of output.

A: Average total cost (ATC) is the ratio of the total cost (TC) and the quantity (Q).  ATC=TCQ Average…

Q: The government extend assistance to business who had been compliant and diligent in paying taxes to…

A: Government support that decreases costs, makes firms increase production. This increases supply,…

Q: (9) The short run is a time period in which: (a) all resources are fixed. (b) the level of output is…

A: As you have not mentioned the exact question as per our policy I am answering first three questions.

Q: Diseconomies of scale occur mainly because

A: Diseconomies of scale is associated with the increasing cost per unit with increase in the scale of…

Q: If a firm has economies of scope, which of the following would best decribe what the firm is…

A: Economies of scope is defined as a situation where the production of one good lowers or reduces the…

Q: When a firm doubles its inputs and finds that its output has more than doubled, this is known as а.…

A: Inputs and output are important for business. Inputs are raw materials, equipment, and machinery…

Q: Determine the returns to scale of this production function: F (x1, x2) = [xỉ + x]\/2 A. Constant…

A: If change in inputs changes output by an equal proportion, production function has constant returns…

Q: A firm is using 500 units of capital and 20O units of labor to produce 10,000 units of output.…

A: The Production function is a combination of Labor and capital f(K,L) = wL + rK where w= Price of…

Q: ) The short run is a time period in which: (a) all resources are fixed.…

A: In economics, we study the interaction and the decision-making of the economic agents at the…

Q: Which of the following results from bureaucratic red tape, breakdown of top-to-bottom communication,…

A: The Diseconomies of scale are the consequence that occurs because of bureaucratic red tape,…

Q: Given the production function, the portion of the total product curve,  which is concave upward…

A: In an economyz production possibility curve shoes the trade-off between two products to be produced…

Q: The wage rate is $20 per hour and the cost of capital is $30 per hour. At the current output, the…

A: Under the theory of production, a cost minimizer firm produces at a point where the ‘MRTS(marginal…

Q: Question 3 If a firm is able to double output when it doubles input, it has... Group of answer…

A: "Returns to scale refers to the rate at which output produced changes when all inputs in the…

Q: Which of the following is wrong? Select one: a. Economies of scale refer to the production of two or…

A: Long run average cost curve is locus of minimum point of the short run average cost curve.

Q: It costs a firm C(q) to produce q units of output. If C(q) = q° – q² what kind of returns to scale…

A: Given  Cost function  C(q)=q3-q2  To know the return to scale of of production technology, we need…

Q: b) Suppose a business faces a production function which is of the Cobb-Douglas form: Q(L,K) = AL“ K®…

A: Given output is a function of A, L and K. When we scale all factors of production in a given…

Q: If average total costs increase when the output level increases, then there are diseconomies of…

A: The expenses that are being incurred for running a business and carrying out its various…

Q: he supply curve overtime is more elastic than the supply curve over the short period of time…

A: Supply curve shows the relationship between price and quantity supplies by the producers. Since…

Q: Refer to the above diagram. Diseconomies of scale?

A: Diseconomies of scale or decreasing returns to scale is the situation of increasing total cost…

Q: Please give 2 examples of economies of scale, diseconomies of scale, and constant returns of scale.…

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

Q: 71. Diminishing returns can be caused by: the physical limitations of variable inputs the physical…

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

Q: The feature that distinguishes short-run from the long-run is the*

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Q: The production function q = K1.2 + 3L1.2 exhibits [increasing return to scale, constant return to…

A: production function, in financial matters, is a condition that communicates the connection between…

Q: For a constant returns to scale production function a. marginal costs are constant but the average…

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

Q: Which of the following would shift a firm's short-run cost curves downward? a.an increase in excise…

A: The minimum cost impact of output changes for a specific plant size is referred to as a short-run…

Q: When a firm triples its inputs and finds that its output has less than tripled this is known as:…

A: Production function is a definite mathematical relation between factor inputs and output generated,…

Q: When production is at level zero then the value of ___________ cost is always zero.

A: Total cost = fixed cost + variable cost Fixed cost always remain constant even when output is zero.…

Q: Distinguish between economies of scale and constant returns to scale. What shape will the long-run…

A: Economies of scale – A downward sloping LARC (Long run average cost curve)The constant return to…