1 answer

12. Input Combination. The following production table provides estimates of the maximum amounts of output possible...

Question:

12. Input Combination. The following production table provides estimates of the maximum amounts of output possible with diffe

12. Input Combination. The following production table provides estimates of the maximum amounts of output possible with different combinations of two input factors, X and Y. Units of Y Used Estimated Output per Day 184 176 164 265 248 216 334 303 395 352 303 440 395 264 334 128 176 248 216 164 265 184 128 176 Units of X Used A. Does the production process (function) exhibit the characteristics of constant, increasing, or decreasing returns to scale?

Answers

Begin with the level of production with one unit of labour and one unit of capital, we have a total output of 88 units. Now increase the units of labour and capital by one, the production level at two units of labour and two units of capital is 176. Similarly when three units of labour and three units of capital are used, production is increased to 264.

this shows that as the inputs are increased by a certain proportion output is also increased by the same proportion. When this happens there are constant returns to scale

therefore, this production function exhibits constant returns to scale.

.

Similar Solved Questions

1 answer
In C Set hasDigit to true if the 3-character passCode contains a digit. 1 #include «stdio.h>...
In C Set hasDigit to true if the 3-character passCode contains a digit. 1 #include «stdio.h> 2 #include«string.h> 3 #include «stdbool.h 4 #include<ctype.h> 6 int main(void) 7 bool hasDigit; 8 char passCode501; 10 11 12 hasDigit false; scanf("%s", &passco...
1 answer
A four-resistor circuit is shown in the figure. The values of the resistors are as follows:...
A four-resistor circuit is shown in the figure. The values of the resistors are as follows: R1=10 Ohms, R2=R3=6 Ohms, R4=2 Ohms. What is the equivalent resistance Req for this circuit? R4 R₂3 R₂ R3 O 0.50 ohms 2.00 ohms O 3.33 ohms 5.25 ohms 0 7.50 ohms...
1 answer
QUESTION 13 product must be monitored. This can be done via EDTA titration. A dissolved sample...
QUESTION 13 product must be monitored. This can be done via EDTA titration. A dissolved sample made from a 2.s0 gram sample of powdered milk required 25.97 mL of 0.100 M EDTA to reach the equivalent point. Ca2+(aq) + EDTA(aq) CaEDTA(aq)-What is the calcium in the milk? o 2.14% In some food aid progr...
1 answer
The development office and the registrar of your university have provided you with anonymous matches of...
The development office and the registrar of your university have provided you with anonymous matches of starting salaries and GPAs for 108 graduating economics majors. Your sample contains a variety of jobs, from church pastor to stockbroker. a) The average starting salary for the 108 students was $...
1 answer
Magnetic fields and farraday Begin Date: 4/2/2019 12:01:00 AM - - Due Date: 4/16/2019 11:59:00 PM...
Magnetic fields and farraday Begin Date: 4/2/2019 12:01:00 AM - - Due Date: 4/16/2019 11:59:00 PM End Date: 4/30/2019 11:59:00 PM (10%) Problem 5: An infinitely long single wire with current 11-55 A and a rectangular wire loop with current 12 0.75 A are in the same plane as shown. The dimensions of ...
1 answer
Carry out the synthesis of EACH following products from benzene. NH2 OH Br
Carry out the synthesis of EACH following products from benzene. NH2 OH Br...
1 answer
A letter grade given for a course taken at UD can best described as what type...
A letter grade given for a course taken at UD can best described as what type of measurement Categorical O Continuous Nominal O Ordinal...
1 answer
VERSION 'BACX- has a magnitude of 12.8 units and points que west vector 3 points due...
VERSION 'BACX- has a magnitude of 12.8 units and points que west vector 3 points due north. () What is the 3 has a magnitude of 15.4 units? (o) What is the direction of 1.30etor Before starting this problem, review has a magnitude of 15.4 units? (b) What is the direction of A Brelative to due we...
1 answer
Question 1 0.1 pts (Ch 8.4; Cell-to-cell Communication in the Nervous System) Which of the following...
Question 1 0.1 pts (Ch 8.4; Cell-to-cell Communication in the Nervous System) Which of the following would typically depolarize the membrane potential of an adult neuron? O opening a potassium channel O an inhibitory postsynaptic potential O glycine O closing a sodium channel O acetylcholine...
1 answer
Ignore what i wrote, please answer in chart form the way its already set up thanks...
ignore what i wrote, please answer in chart form the way its already set up thanks (Exercise-2) (1) Make a frequency table with 4 classes (2) draw the Histogram (1) Relative Frequency Histogram from the following 4.4,5,6,7,5, 3, 4, 8, 2,6,6,7,5,4,5,3,6. WAND (0) Class Limits Class Boundary Midpoint...
1 answer
E chemical equation for the dissociation of HCIO2 in water is: HClO2(aq) = H(aq) + CO2(aq)...
e chemical equation for the dissociation of HCIO2 in water is: HClO2(aq) = H(aq) + CO2(aq) K = 1.1 X 10-2 are the equilibrium concentrations of HClO2(aq) and CO2 (aq), and the pH of a 0.1 M solution? a. 0.064 M, 0.036 M and 1.19 b. 0.072M, 0.028 M and 1.55 c. 0.067M, 0.032 M and 1.50 d. 0.072 M, 0.0...
1 answer
Define the linear transformation T:?3??4 by T(x )=Ax . Find a vector x whose image under...
Define the linear transformation T:?3??4 by T(x )=Ax . Find a vector x whose image under T is b (1 pt) Let 4 5 2 -2 5 -3 2 and b-10 -7 2 1 -4 Define the linear transformation T : R3 ? R4 by T(x-Ax Find a vector x whose image under T is b. x= Is the vectorx unique? choose...
1 answer
[The following information applies to the questions displayed below.] Rodriguez Company pays $365,000 for real estate...
[The following information applies to the questions displayed below.] Rodriguez Company pays $365,000 for real estate plus $19,345 in closing costs. The real estate consists of land appraised at $214,200; land improvements appraised at $61,200; and a building appraised at $234,600. 33.value: 4.00 po...
1 answer
3) Determine the reactions at the support C. El is constant. 2.4 K/Ft 一ト 204 A...
3) Determine the reactions at the support C. El is constant. 2.4 K/Ft 一ト 204 A A +00...
1 answer
QUESTION 12 BEE [CLO-6] At 2000 °C, the equilibrium constant for the reaction: 2NO(g) N2(g) +...
QUESTION 12 BEE [CLO-6] At 2000 °C, the equilibrium constant for the reaction: 2NO(g) N2(g) + O2(g) Is Kc = 2.4. Knowing that the initial concentration of NO is 0.175 M, what will be the concentrations of NO, N2 and O2 at equilibrium? [Hint: you have to build a table to find the answer) (0.175),...
1 answer
Discuss how culture affects health: physical and psychological health, perception of health, and health decision-making. Discuss...
Discuss how culture affects health: physical and psychological health, perception of health, and health decision-making. Discuss examples from your own experience, culture, and patient care experience....
1 answer
Moving to another question will save this response. Question 2 of 10 Question 2 10 points...
Moving to another question will save this response. Question 2 of 10 Question 2 10 points Save Answer In the circuit shown in Fig. the battery provides an E = 15 V, the inductance is L = 0.5 H, and the resistances are R1 = 12 Q and R2 = 9. Initially the switch S is open, and At t = 0, suddenly the s...
1 answer
Moving to another question will save this response Question Question 7 20 points Determine the carburgring...
Moving to another question will save this response Question Question 7 20 points Determine the carburgring time (Hour) necessary to achieve a carbon concentration of 0.47 a position 2.2 mm into an on-carbon woy that initially contains 0.077 C. The face concentration is to be maintained at 1.2 wt% C,...