Determine the returns to scale implied by each of the production function. Q = 0.4Y1/2 + 0.3A1/4B1/4 + 2.0B1/2   Group of answer choices Decreasing returns to scale. Constant returns to scale. Negative returns to scale. Exponential returns to scale. Inreasing 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: The production function q = log(L) is associated with OA. increasing returns to scale. OB. first…

A: A production function is a fundamental concept in economics that represents the relationship between…

Q: A firm has the production function q = f(L, K) = min{L2, K2}. This firm has: increasing returns to…

A: The question is what magnitude that production function returns to the firm under consideration. The…

Q: A bus company employs two drivers and a bus to provide a bus route. What is the returns to scale of…

A: Returns to scale is a phrase that describes how proportionally changes in output change when all…

Q: What does the Long Run Average Cost (LRAC) curve imply when it is horizontal? There are diseconomies…

A: Answer - Need to find- What does the long run Average cost curve imply when it is horizontal…

Q: A business whose only inputs are labour and capital expands its employment level in the long run…

A: Returns to scale refers to the proportionate change in the output due to some proportionate change…

Q: In the long run, the total cost function will be: Selected answer will be automatically saved. For…

A: Long run is the time period where no inputs are fixed instead all inputs are variable.  In short run…

Q: Suppose that output q is a function of a single input, labour (L). Describe the returns to scale…

A: amazon work space client google  download and install zoom meeting install   okta in phone The…

Q: Suppose a firm's production function can be specified as Q = 10KL.This firm's cost function…

A: This can be described as a concept that shows when an individual, firm, or any entity uses an…

Q: If a firm quadruples (4x) in size and output increases sixfold (6x), what is the returns to scale?

A: Here input increase 4× and output increase 6×

Q: Match the multi-variable function on the left with the scale property. Q(K.L) =4K1.5L1.5 A…

A: "Returns to scale check how output changes when all inputs in the production process change by same…

Q: As a production process requires labor L and capital K, q = F (L, K). The wage for a labor is $500,…

A: The optimal level of labor and capital is given by the point where the marginal rate of technical…

Q: A business whose only inputs are labour and capital expands its employment level in the long run…

A: Return to scale refers to the relationship between the inputs used to produce goods or services and…

Q: 4) Does these production functions exhibit decreasing, constant, or in- creasing returns to scale?…

A: Due to its ability to clarify and measure the link between labor and capital, the two components of…

Q: (4) w = 3. firm's production function is F(K, L) = 2√/K + L. Factor prices are r = 2 and (a) Find an…

A: The marginal product of labor represents the increase in output as a result of an increase in labor…

Q: When the production function exhibits _________ returns to scale, the long-run average cost curve…

A: Economies of scale:   The economies of scale are the cost-benefit that the firm achieves by…

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: Increases in long-run average cost that occur as output increases is the law of diminishing marginal…

A: Understanding the relationship between output and cost is crucial for businesses to make informed…

Q: y= l^0.5 + k^0.5 is a production function that exhibits a/an?  a. increasing returns to scale  b.…

A: Production function shows the relationship between the inputs used and output produced.  Constant…

Q: 0. If all inputs are trebled and the resultant output is doubled, this is a case of

A: Returns to scale refers to the extent of change in output level when all the inputs are raised by…

Q: A firm has a production function f(x, y) = 1.80(x0.10 + y0.10)2 whenever x > 0 and y > 0. When…

A: The objective of the question is to determine the returns to scale of the firm's production…

Q: 13. If a firm's production function is given by Q = K0.3L03 then it exhibits a. Decreasing returns…

A: Q = K0.3L0.3 where we take α = 0.3β = 0.3

Q: Answer all the following seven parts. (a) Show the conditions for a Cobb-Douglas production function…

A: The term "long-run" refers to a period during which the production function is determined solely by…

Q: If a firm's production function is given by Q = K0.3L0.3 then it exhibits а. Decreasing returns to…

A: Returns to scale: - returns to scale, show the change in output due to the change in scale of…

Q: A firm faces the production function: q=10L^0.32 K^0.56  (a) What kind of returns to scale does…

A:

Q: *Find the elasticity of scale and the elasticity of substitution for the CES production function…

A: Let the production function be: Q = x1ρ+x2ρ1ρ

Q: .ConsiderthsCobb-Dougas production function：Y=K"L".What does this function exhibit? a.Diminishing…

A: Given    Production function: Y=K"L" Increasing return to scale: If all inputs are increased by λ…

Q: Which of the following production functions does not display constant returns to scale? a. Q =…

A: The return to scale is a concept that describes the relationship between the scale of production or…

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: Suppose that workmen are assembling a particular product for 40 working hours. Then they work on…

A: Learning curves capture the benefit that arises when workers and organizations get efficient at…

Q: Which of the following production functions exhibits constant returns to scale (refer to activities…

A: This can be described as a concept that shows when an individual, firm, or any entity uses an…

Q: 50. If all inputs are trebled and the resultant output is doubled, this is а case of A. O Constant…

A: Returns to scale is a long-term concept which tells the response of output when the number of inputs…

Q: 2. The production is given by Y= 2L+K. The firm currently produces 200 units a. Graph an isoquant…

A: b) MPL =dY/dL = 2 MPK = dY/dK = 1  what is TRS could you elaborate  MRTS = MPL/MPK  = 2

Q: Given a production function with a specific amount of fixed resources and one variable resource,…

A: The total product refers to the total output produced by the firm with the given resources and…

Q: Q) The production function       Q = L1/2K   exhibits: Group of answer choices a) Increasing…

A: Given  Production function  Q= L1/2K       .......... (1) To know the return to scale, we increase…

Q: or each of the following production functions, determine whether it exhibits increasing, constant or…

A: The link between inputs (often labor and capital) and the output of goods or services generated by a…

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: Which of the following production functions do not exhibit constant returns to scale? A. F(K, L)= AK…

A: Introduction Returns to scale refers to the how much output changes given a proportional change in…

Q: The production function for soy beans is q = K 0.25 L 0.45. Dose this production function have…

A: Given  Production function.  q = (K)^0.25 × (L)^0.45

Q: 1. Find the returns to scale for the following production functions: a. q = K 34L_34 b. q = KLM c. q…

A: