Problem 9: Under what conditions do the following production functions exhibit constant, increasing, and decreasing returns to scale? (a) (b) 3 q=L+ K. q=AL KB. q = L + LºK³ + K. (this a linear production function). (this is a Cobb-Douglas production function)

Q: c. How much total consumer surplus will each of them receive at a price of $32?

A: Last parts C and d are answered below:

Q: Do you have any references or sources for this information

A: In an error correction model (ECM) expectations about future economic conditions can influence the…

Q: i need g to h

A: Thank you for the question. As per Bartleby's answering guidelines, we answer 3 subparts per…

Q: Summarize the rise of consumer culture

A: Consumer culture refers to increasing consumption of commodities purchased as  a person's well being…

Q: the quantity of a good or service which consumers want and have the ability to purchase

A: Quantity- It is the number or amount of goods or services.

Q: What is size maximizing bureaucrat

A: The economies around the globe work with the major motive to increase their production, and…

Q: 24 20 Price and co st (dollars per arate)

A: In short run a firm should shut down when the price is equal of less than the average variable cost.…

Q: Use image

A: The spending function represents the relationship between household spending and total income. When…

Q: why students need to study General Education subjects ?

A: Students will apply their core skills throughout their education if they receive a general…

Q: could you type ur answer i can't read ur handwr

A: The break even point is where the annual savings from the Solar Panel affect the initial investment.…

Q: does not exist today for which there is a market need

A: Market need: It refers to the need or demand of the people who have to be fulfilled by the producers…

Q: Economics Was it ethical for Tesla to hire a PR firm to monitor its employees? Yes or No? Write a…

A:

Q: i need help with all of them

A: The government uses price controls to exert direct influence over market prices. It has an impact on…

Q: Definition of want

A: Economics is the study of efficient allocation of resources. The resources in the economy are…

Q: write a essay on pros and cons of studying at home.

A: Studying at home can be both beneficial as well as problematic. For self studying, staying at home…

Q: c) What is the cost of the consumer's original 2018 bundle at the new 2019 prices? How much…

A: Now, the price of food F1= $100  the price of housing increased H1 = $200. the cost of the…

Q: A consumer has an expenditure function E=1.96U(p1)0.6(p2)04. The price of good 1 increases from $2…

A: Compensating variation is a method of neutralizing a price effect by reducing/increasing the money…

Q: The option or alternatives from which decision are made

A: Alternatives ought to reflect generously various ways to deal with the issue or various needs across…

Q: Based on the Customer Social Responsibility program, what are other areas that you think need…

A: Customer Social Responsibility program is a conscious business model aiming at making firms more…

Q: Should consumers be concerned with what information is being used?

A: The source from which businesses collect data from consumers is Internet cookies which are text…

Q: Where do you get the number 11?

A: Given, Marginal propensity to save (mps)=0.2 Marginal propensity to import (mpm)=0.1 Marginal income…

Q: you have $84.25. you get additional money for mowing lawns. then you purchase a new pair of shoes…

A: Marginal revenue is defined as the additional revenue earned by an individual when he sells an…

Q: My homework help What happens in the market for beach towels now that the season is over. Graph and…

A: Demand basically refers to the quantity of goods or services that a consumer is willing and able to…

Q: Find three words related to our topic media information literacy

A: Practices that enable users to acquire, critically assess, create, and manipulate media are referred…

Q: what is the most important concept in satisfying needs and wants

A: A need is anything which is a basic necessity and is required to live. On the other hand, wants are…

Q: Where are you getting the number 11?

A: The gap between income and spending in an economy is the budget surplus. A budget surplus occurs…

Q: Which of the following best describes why the Hours of Service Regulations were put into place? O To…

A: The driver test is important to ensure the safety of peope with having the all relevant information.…

Q: is consumer spending likely to go up or down in the next 12 to 18 months

A: Consumer Spending: This refers to the total amount of money spent by individuals or households on…

Q: Are you able to assist me with the last two questions?

A: The Gini coefficient determines income distribution across a population. Created by the Italian…

Q: An impersonal group whose members pursue a specific goal or activity is

A: Hi, this is a sociology question and we do not cater to it yet but since the expert knows the…

Q: Please pass question on to someone with more knowledge. I do not like using up my questions for…

A: The procedure followed is correct only. This is how it is done. There is only a calculation mistake.…

Q: Please answer question D

A: A financial investment's anticipated return value is known as the expected return on investment. It…