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 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: H8. Which of the following production functions exhibit(s) constant returns to scale?​I. Q = Min…

A: There are CRS if the doubling the all inputs result in the double of output.

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: 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: 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: 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: Assume a Cobb-Douglas production function of the form: q=10L0.66 K0.88 What type of returns to scale…

A: Return to scale in a production function signifies the rate of change in production due to a change…

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: 4. Questions and Diseconomies of scale The law of diminishing marginal returns erence between the…

A: Law of diminishing marginal return applies to short run where at least one factor is fixed

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: For the production function Q = 16L + 0.2K, returns to scale: O is decreasing can be increasing,…

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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: Consider several production functions below and indicate whether they exhibit constant, increasing…

A: The markets are the place where the buyers of various goods and services tend to interact and meet…

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…