Question

Determine the returns to scale for the following production function: f(x) = 2x - (x +...

Determine the returns to scale for the following production function:

f(x) = 2x - (x + 1)^(-1) + (x + 1)^(-2)

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Determine whether the following production functions have constant returns to scale, decreasing returns to scale, or...
Determine whether the following production functions have constant returns to scale, decreasing returns to scale, or increasing returns to scale: a) f(x1, x2)= 2x1 0.6x2 0.6 b) f(x1, x2)= x1+min(x1, x2) c) f(x1, x2)= x1 1/2+x2 1/2
1.) Do the following production functions exhibit decreasing, constant, or increasing returns to scale? (a) f(x...
1.) Do the following production functions exhibit decreasing, constant, or increasing returns to scale? (a) f(x ,x )=x2/3x1/2 1212 (b) f(x1,x2)=5x1 +3x2 (c) f(x1,x2)=5+x1 +x2
Determine which of the following production functions exhibit decreasing returns to scale, increasing returns to scale,...
Determine which of the following production functions exhibit decreasing returns to scale, increasing returns to scale, or constant returns to scale. Q = K/(L)^2 Q = 4K + 2L Q = a KL
Determine the type of returns to scale for the following production functions. Q= f (X1, X2)=...
Determine the type of returns to scale for the following production functions. Q= f (X1, X2)= Sqrt(3X1 + X2) Q =ƒ (L,K) =min(2L, 3K)
1) The production function Q = 50K0.25L0.25 exhibits A. increasing returns to scale. B. constant returns...
1) The production function Q = 50K0.25L0.25 exhibits A. increasing returns to scale. B. constant returns to scale. C. decreasing returns to scale. Answer D. increasing, then diminishing returns to scale. E. negative returns to scale. 2) The production function Q = 50K0.25L0.75 exhibits A. increasing, then diminishing returns to scale. B. increasing returns to scale. C. decreasing returns to scale. D. constant returns to scale. Answer E. negative returns to scale. could you please explaing me the reason of...
1.Consider the following function f(x)=2xln(2x) Determine the following: (Remember to type exp(x) for e^x and infinity...
1.Consider the following function f(x)=2xln(2x) Determine the following: (Remember to type exp(x) for e^x and infinity for ∞ and * for multiplication.) (a) The open interval on which f is decreasing (    ,     ) (b) The open interval on which f is increasing (    ,     ) 2. For what values of the numbers a and b does the function f(x)=axebx2 have a maximum value f(6)=1? (Remember to type exp(x) for ex.) a=     b=     
For the production function Q = 8LK, returns to scale
For the production function Q = 8LK, returns to scale
(a) Show that the following Cobb-Douglas production function, f(K,L) = KαL1−α, has constant returns to scale....
(a) Show that the following Cobb-Douglas production function, f(K,L) = KαL1−α, has constant returns to scale. (b) Derive the marginal products of labor and capital. Show that you the MPL is decreasing on L and that the MPK is decreasing in K.
a) Show that the following Cobb-Douglas production function, f(K,L) = KαL1−α, has constant returns to scale....
a) Show that the following Cobb-Douglas production function, f(K,L) = KαL1−α, has constant returns to scale. (b) Derive the marginal products of labor and capital. Show that you the MPL is decreasing on L and that the MPK is decreasing in K.
A? Cobb-Douglas production function A. exhibits constant returns to scale. B. exhibits decreasing returns to scale....
A? Cobb-Douglas production function A. exhibits constant returns to scale. B. exhibits decreasing returns to scale. C. exhibits increasing returns to scale. D. can exhibit? constant, increasing, or decreasing returns to scale.
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT