subject
Business, 17.02.2020 22:43 hii4199

Is it possible that a firm's production function exhibits increasing returns to scale while exhibiting diminishing marginal productivity of each of its inputs? To answer this question, calculate the marginal productivities of capital and labor for the production of Crocs using the production function

q=AL^αK^β=21.5L^0.85K^0.5

A.) This production function exhibits: (Increasing or Diminishing?) marginal product for labor and (Increasing or diminishing?) marginal product for capital?
B. This production function exhibits (increasing, decresing, or constant?) returns to scale?
C. Therefore, a production function (can or cannot?) exhibit diminishing marginal returns while exhibiting increasing returns to scale.

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 16:30
Kinda moderates the comments section of an online travel magazine.which type of comments should linda flag or delete as inappropriate content
Answers: 2
question
Business, 22.06.2019 06:30
Double corporation acquired all of the common stock of simple company for
Answers: 2
question
Business, 22.06.2019 15:50
Evaluate a real situation between two economic actors; it could be any scenario: two competing businesses, two countries in negotiations, two kids trading baseball cards, you and another person involved in an exchange or anything else. use game theory to analyze the situation and the outcome (or potential outcome). be sure to explain the incentives, benefits and risks each face.
Answers: 1
question
Business, 22.06.2019 18:00
Martha entered into a contract with terry, an art dealer. according to the contract, terry was to supply 18 th century artifacts to martha for the play she was directing, and martha was ready to pay $50,000 for this. another director needed the same artifacts and was ready to pay $60,000. terry decided not to sell the artifacts to martha. in this case, the court may order terry to:
Answers: 2
You know the right answer?
Is it possible that a firm's production function exhibits increasing returns to scale while exhibiti...
Questions
question
Business, 06.04.2021 03:10
question
Physics, 06.04.2021 03:10
question
Mathematics, 06.04.2021 03:10
Questions on the website: 13722363