32. What ty pe ofresults from its marginal phyaical product(MPP) that is incre asing at am imoreasingrate?a production function whicha. accaler ating production Fumotionb. Increasing production FunctianC. constantd. None of the aboveproduction Functionj- Dont copy the question, answerand explanation only.Thankyou .I hope you will follow myinstruction so that I will rate youas helpful.Thank you

Production function is the mathematical expression to show the connection between the output…

32. What ty pe of a production function which results from ite marginal phyaical product (MPP) that is incre asing at an imcre asing rate? a. a ccalerating production Fumotion b. Increasing production Function C. Constant production Funition d. None of the above

32. What ty pe of a production function which results from ite marginal phyaical product (MPP) that is incre asing at an imcre asing rate? a. a ccalerating production Fumotion b. Increasing production Function C. Constant production Funition d. None of the above

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

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Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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Question

32. What ty pe of
results from its marginal phyaical product
(MPP) that is incre asing at am imoreasing
rate?
a production function which
a. accaler ating production Fumotion
b. Increasing production Functian
C. constant
d. None of the above
production Function
j-

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Suppose that a fim's production tuncson is 2000 1800 in the short run, where there are foed conts of s2.000, und xis the variabie irput whow cont $120 per unt 160 140 1400- What the total coet of producing a leel at cusput q? in oher words, idertify the totsl cost function Cigi S 1200 The total coet of produsing a ve of ouput q 1000- OA CI2,000 OB. Ci-2,000- 00 Cig-2,000 OD. 200- 1250 25 10 12 14 16 Quanity OE 1250g Ci-2,000. 25 Wite down the equstion for the upply ourve The supply curve is 200 OA paso. OB P-2,000 - 00e OC. P-2004. OD. P-504. OR P-100 ece If price is S00, how many units wil the fm produce? The fim wil produce unts of ouput (Enter your reeponse rounded to two decimal places) What is the level of prot Proft equals . (Enter your response roundud to hwo decinal places.) Ilustrate your anewer on a cost aurve graphn. 200 12 14 Quantity 1) Using the ine drawing tool, draw the maginal cost curve. Label it MC. 2) Luing the point druning oal, indicate the profi masimizing…
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34. An iso-quant gives: Combinations of output that can be produced using different levels of inputs b. Combinations of inputs that can produce a constant level of ouiput C. Combination of out puts that can be produced with a given level of ituis d. None of the above is correct
Meat (pounds) 120 A 90 D 60 В 30 Vegetables (pounds) 40 60 80 100 120 140 160 Point B is: O Infeasible Inconsistent Inconceivable O Inefficient 20
CHOOSE 1 WORD FROM EACH BRACKETS
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Question 8
I’m not sure logically if a production function can simultaneously exhibit CRTS and Economies of scale? And I’m also unsure how to draw the isoquants based on the isocost lines I derived ?
Marginal cost is the one more unit of a good and opportunity cost of producing increases as production O price that must be paid to consume; decreases as consumption O opportunity cost of producing: decreases as production O price that must be paid to consume; increases as consumption of the good increases.
age=1 The short run is a time period in which: aved ut of Select one: O A. the level of output is fixed. O B. some resources are fixed and others are variable. O C. the size of the production plant is variable. O D. all resources are fixed. Clear my choice pus page
Are ordeing costs and carying couts cconomic ording quantily of mathial?
Could I please have help answering the original question and checking my isoquant points