1 answer

Let the production function be q=ALK. The function exhibits increasing returns to scale if O A....

Question:

Let the production function be q=ALK. The function exhibits increasing returns to scale if O A. a + b < 1 O B. a + b > 1 OC.
Let the production function be q=ALK. The function exhibits increasing returns to scale if O A. a + b < 1 O B. a + b > 1 OC. a + b = 1 O D. Cannot be determined with the information given

Answers

Ans is B

if a + b >1 then there is an increasing return to scale. Increasing return to scale means when all inputs doubles then output increases by more than double.

.

Similar Solved Questions

1 answer
Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow: Direct Labor-...
Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow: Direct Labor- Hours per Annual Unit Production 0.70 13,000 units 0.30 57,000 units Hubs Sprockets Additional information about the company follows: a. Hubs require $24 in direct materials per unit...
1 answer
Where do the number of units come from in method C? Suppose FastShip purchased equipment on...
Where do the number of units come from in method C? Suppose FastShip purchased equipment on January 1, 2018, for $48,000. The expected useful life of the equipment is 10 years or 56,250 units of production, and its residual value is $3,000. Under three depreciation methods, the annual depreciation e...
1 answer
Please Use python to prove this and use the code used. Question 3 5 pts Starting...
Please Use python to prove this and use the code used. Question 3 5 pts Starting with and including 100,count backwards by 7 until zero, and for each number calculate the square root of that number. Enter the sum of all of these roots. 100.5135...
2 answers
Biochemistry
The tripeptide alanyllysylaspartate contains four ionizable groups with pKas of 2.0, 3.9, 9.9, and 10.5. Calculate the pI for this molecule.a)3b)6c)6.2d)10.2e)none of the above.The ans is none of the above. can you explain?...
1 answer
A 120/240 volt, single-phase system is a system with its center tap as the neutral point....
A 120/240 volt, single-phase system is a system with its center tap as the neutral point. (See drawing below). The load of circuit No. 1 connected between Line 1 and neutral is 1500 watts and that of circuit No. 2 between Line 2 and neutral is 1000 watts. Assuming PF = 1. The current in amperes carr...
1 answer
The dean of the School of Fine Arts is trying to decide whether to purchase a...
The dean of the School of Fine Arts is trying to decide whether to purchase a copy machine to place in the lobby of the building. The machine would add to student convenience, but the dean feels compelled to earn an 8 percent return on the investment of funds. Estimates of cash inflows from copy mac...
1 answer
Question 14 0414 Using the provided table, determine the enthalpy for the reaction 2 NH3 (g)...
Question 14 0414 Using the provided table, determine the enthalpy for the reaction 2 NH3 (g) + 3 N20 (g) - 4 N2 (g) + 3 H20 (1) Substance AHI (kJ/mol) NH3(g) -46.2 N20 (9) 81.6 N2 (9) 0 kJ/mol...
1 answer
Integrate (sin(x-a)/sin(x+a) )^1/2?
Integrate (sin(x-a)/sin(x+a) )^1/2?...
1 answer
Find the radius and interval of convergence of the power series ΣΗ where a > 1....
Find the radius and interval of convergence of the power series ΣΗ where a > 1. nl...
1 answer
Hexokinase catalyzes the following reaction in glycolysis: Glucose + ATP ← → glucose-6-phosphate + ADP The...
Hexokinase catalyzes the following reaction in glycolysis: Glucose + ATP ← → glucose-6-phosphate + ADP The standard free-energy change for this reaction in the direction written is -16.7 kJ/mol. The concentrations of the related reaction components in the hepatocyte of a mammalian cell are...
1 answer
Express 0.29 as a rational number (fraction)
express 0.29 as a rational number (fraction)...
1 answer
1. Design the circuits in Figs. 6(a) and 6(b) with the following specifications NPN PNP 1mA...
1. Design the circuits in Figs. 6(a) and 6(b) with the following specifications NPN PNP 1mA 3.5V 1mA 1.5V VR VEE0 ЕЕ ЕЕ 100 25mV 100 25mV supply 2mA supply 2mA For both circuits, DC biasing should be insensitive to variations in B and |VBel, and lB currents should be designed...
1 answer
Two parallel long (infinite for our purposes) wires are oriented along the z-axis. The figure below...
Two parallel long (infinite for our purposes) wires are oriented along the z-axis. The figure below shows the (xy)-plane perpendicular to the wires, including the positions where the wires cross this plane. The wires carry some unknown electric currents I1 and I2, which you need to find from a singl...
1 answer
Assume random variable ? is uniformly distributed in the interval (−?/2 ,?⁄ 2]. Define the random...
Assume random variable ? is uniformly distributed in the interval (−?/2 ,?⁄ 2]. Define the random variable ?=tan (?), where tan (∙) denotes the tangent function. Note that the derivative of tan (?) is 1/(cos (?)2) . a) Find the PDF of ?. b) Find the mean of ? .Define the random var...
1 answer
Use the information in the table below to calculate the trin ratio for October 1 and...
Use the information in the table below to calculate the trin ratio for October 1 and February 1. State whether each ratio represents a bullish or a bearish outlook. (Round your answers to 2 decimal places.) October 1 February 1 Advances 8,261 8,635 Declines 4,054 10,811 Volume advancing 2...
1 answer
Help with this econ open-ended questions, please 1.- Explain the ways in which a tariff distorts...
Help with this econ open-ended questions, please 1.- Explain the ways in which a tariff distorts comparative advantage and international trade 2.- It is argued that a tariff may help promote employment in a single industry, but it is not likely to help employment in general. Discuss this....
1 answer
If A is singular then A is diagonalizable. True False
If A is singular then A is diagonalizable. True False...
1 answer
How do you simplify #\sqrt { ( - 21) ^ { 2} + ( 25) ^ { 2} }#?
How do you simplify #\sqrt { ( - 21) ^ { 2} + ( 25) ^ { 2} }#?...
1 answer
Chapter 2 HW Fife & Company, a public corporation offering accounting services to low income clients...
Chapter 2 HW Fife & Company, a public corporation offering accounting services to low income clients has the following transactions in their second year of business. Date Description Debit Credit Jan 4 Organization Costs 25,000 Common Stock 25,000 Jan 5 70,000 Cash Common Stock 70,000 3,000 Jan ...