please do all For a standard Cobb Douglas production function which of the following is true:O a. The ratio of the marginal product of labour to the marginal product of capital is constant.O b. Marginal product of labour = Marginal product of capitalOc. Marginal product of capital = Average product of capitalO d. None of the other answers are correct.When the nominal exchange decreases from 7.5 renminbi per dollar to 5 renminbi per dollar, the dollar has (been considered):Select one:O a. appreciatedO b. become undervaluedOc. depreciatedO d. become overvaluedTotal production in the economy is described by the production function Y= A KL Capital in use is equal to 25 units; labour in use isequal to 25 units; A is equal to 2 units; and a = 0.5. If both capital and labour are increased to 50 units eachSelect one:O a output increases from 50 to 100 unitsO b. output increases from 625 units to 2500 unitsOc. output increases from 25 to 50 unitsOd. output increases from 50 units to 200 units

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For a standard Cobb Douglas production function which of the following is true: a. The ratio of the marginal product of labour to the marginal product of capital is constant. O b. Marginal product of labour = Marginal product of capital %3D Oc. Marginal product of capital Average product of capital O d. None of the other answers are correct.

For a standard Cobb Douglas production function which of the following is true: a. The ratio of the marginal product of labour to the marginal product of capital is constant. O b. Marginal product of labour = Marginal product of capital %3D Oc. Marginal product of capital Average product of capital O d. None of the other answers are correct.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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