true or false:suppose a company has short term productionfunction is1.3y = x;xso, total output of company isy* :3w1=2

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Answered: true or false: suppose a company has…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Give me correct answer with proper calculation and graph otherwise i give multiple downvote and complain to bartelby Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism.Answer completely and accurate answer.Rest assured, you will receive an upvote if the answer is accurate.
The production function for soy beans is q = K 0.25 L 0.45. Dose this production function have constant, increasing or decreasing return to scale? A. may be increasing or decreasing B. Constant return to scale C. Decreasing return to scale D. Increasing return to scale
E2
8. If a firm has a production function of the form: Q = L0.5K2, what can we conclude? (a) The firm has a quasi-concave production function and will experience constant marginal returns to labour and increasing marginal returns to capital. (b) The firm has a quasi-concave production function and will experience decreasing marginal returns to labour and increasing marginal returns to capital. (c) The firm has a convex production function and will experience increasing marginal returns to labour and increasing marginal returns to capital. (d) The firm has a convex production function and will experience constant marginal returns to labour and increasing marginal returns to capital. (e) The firm has a linear production function and will experience decreasing marginal returns to labour and increasing marginal returns to capital.
6. Zenande believes the production of a dress requires 10 labour hours and 5 machine hours to produce. If she decides to operate in the short run, she must spend R5000 to lease her business space. It has also been determined that a labour hour costs R500 and a machine hour costs R1000. Which of the following is Zenande's cost of production as a function of dresses produced? a) C(q) = 10000+ 5000q. C(q) = 5000+ 5000q. b) c) C(q) = 5000+ 10000q. C(q) = 5000+ 1500q. d)
6. Which one of the following production functions represents an increasing returns to scale technology, where e is labour and k is capital? a) F(£,k) = e1/2 + k1/2. b) G(2,k) = {2/3k^/2. c) H(e,k) = min{{, 2k} d) I(e, k) = 3l + 2k.
Please drawing carefully otherwise i give multiple downvote Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.
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4. A two-output-two-input firm has a transformation function of the type: 91 + 92 = z4z4. where q and q are outputs and z and 2z are inputs. (a) Is this production function consistent with non-increasing returns to scale? Explain why or why not. (b) Fix z = l and z, = 1. Draw the transformation function between g and q2. (c) Fix q = = 1. Draw the transformation function (isoquant) for inputs z, and z2. (d) Find profit maximising z1. z2.91.92 at prices equal to: Pi = 1, p2 = 2 and w = maximisation problem, think about your picture in (b). With a transformation frontier of this form and such prices, does the firm produce both outputs? If not, rephrase the maximisation problem accordingly. 1, wz = 2. Hint: before you set up the profit
3
Multiple Choice Question, Pls solve quickly !!
1. Do the following production functions exhibit increasing, constant of decreasing returns to scale in K and L? Explain/interpret your answer. (a) Y = KL (b) Y = KL (c) Y = K³L¹

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true or false: suppose a company has short term production function is 1 1 y = xx .3 so, total output of company is y* 3w1 12