The production function for good X in the table below exhibits increasing marginal returns to capital overwhat outout range?Production Function for Good XChoose Multiple Choice:Between o and 1,524• Between 2,391 and 3,048• Between O and 2,991• Between 3,016 and 2,945L*MP= (AQ/AK)AP=(Q/K)Marginal Product ofAverage Product ofCapitalLaborCapitalOutputCapital10575.75.702032426.716.203065733.3401,87241.526.8ese1,52445.230.48601,97645.232.93702,39141.534.162,72433.334.05902,991A33.231e03,8485.730.4811e3,016-3.227.421202,945-7.124.54

The production function for good X in the table below exhibits increasing marginal returns to capital over what outout range? Production Function for Good X Choose Multiple Choice: Between o and 1,524 Between 2,391 and 3,048 Between o and 2,991 Between 3,016 and 2,945 MP= (4Q/AK) AP=(Q/K) Marginal Product of Capital Average Product of Capital Labor Capital Output 9 10 57 5.7 5.70 20 324 26.7 16.20 9 30 657 33.3 40 1,e72 41.5 26.80 se 1,524 45.2 30.48 60 1,976 45.2 32.93 70 2,391 41.5 34.16 2,724 33.3 34.05 9 90 2,991 A 33.23 100 3,048 5.7 30.48 9 11e 3,016 -3.2 27.42 120 2,945 -7.1 24.54

The production function for good X in the table below exhibits increasing marginal returns to capital over what outout range? Production Function for Good X Choose Multiple Choice: Between o and 1,524 Between 2,391 and 3,048 Between o and 2,991 Between 3,016 and 2,945 MP= (4Q/AK) AP=(Q/K) Marginal Product of Capital Average Product of Capital Labor Capital Output 9 10 57 5.7 5.70 20 324 26.7 16.20 9 30 657 33.3 40 1,e72 41.5 26.80 se 1,524 45.2 30.48 60 1,976 45.2 32.93 70 2,391 41.5 34.16 2,724 33.3 34.05 9 90 2,991 A 33.23 100 3,048 5.7 30.48 9 11e 3,016 -3.2 27.42 120 2,945 -7.1 24.54

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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