Productivity increases when input decreases while output remains the same. true or false?

If production increases, what happens to average variable cost (AVC), does it increase only, decrease only, or decrease, increase and then increase? _______________ choose one

5. A company that produces auto parts has a production function of Q = 300 L-75 K-5. %3D If L= 250 and K= 25, what is the output of auto parts? If L increases to 350, what is the output of auto parts? What does the change in output show regarding labor as a factor of production?

Coosider the production function characterizing garri plant as:   Q= 20L + 60k - L^2 - K^2   If total outlay for both capital, K =N50, and a Labour, L= N20, is N4,600. Find:   a. The optimal quantity of K* and L* to be employed.   b. Calculate the maximum possible output of garri that the plant can produce.

A macroeconomics question that im needing help with

Bicycles 120 14 8 6 4 2 A B D 0 2 4 6 8 10 Computers Refer to the diagram. If society is currently producing 14 units of bicycles and 0 units of computers and it now decides to increase computer output to 4, the cost Multiple Choice will be 5 units of bicycles. will be 4 units of bicycles. will be zero because unemployed resources are available. of doing so cannot be determined from the information given.

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How does the slope of the production function illustrate diminishing returns? The slope of the production function becomes steep as the quantity of increases because of diminishing returns. A. more; capital B. more; labor O C. less; labor D. less; capital Click to select your answer. MacBook Air 吕0 000 000 FS F4 F3 esc F2 F1 % #

ТР Number of workers Refer to the graph above. With efficient production, this firm can maximize production at point: А. В. D. Output

QUESTION 25 Which of the following production functions exhibits constant returns to scale? OA Y=KL O B. Y=KªL1-a ocY=K!/3_ 1/3 O D. Y=K1/4_ 1/2 O E. V=K2/3