This is the answer plz writeClear hand writtenY=Sk 0.5 +3LMultiply k & L by X0.55(xk) ⁰.³ + 3 (XL) ⁰.s==510.5 40.5 + 3 x 0.5 10.5.k= x0.5 [sk0.5 + 320.5]= X0.5 4Since power of is less than 1, production function hasdecreasing returns.Correct: c) Decreasing

We need to check for the returns to scale ik this question.

This is the answer plz write Clear hand written Y=5K0.5 +3L Multiply k & L by X = 5(X k) ⁰.³ + 3 (XL) 0.5 = 5x0.5 0.5 + 3x0.5 10.5. =x0.5 [540.5 + 320.5] = x 0.5 4 Since power of 7 is less than 1, production function has decreasing returns. Correct: c) Decreasing

This is the answer plz write Clear hand written Y=5K0.5 +3L Multiply k & L by X = 5(X k) ⁰.³ + 3 (XL) 0.5 = 5x0.5 0.5 + 3x0.5 10.5. =x0.5 [540.5 + 320.5] = x 0.5 4 Since power of 7 is less than 1, production function has decreasing returns. Correct: c) Decreasing

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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