Suppose over time that a firm's production process undergoes capital-saving technological progress. This implies (1) the isoquants corresponding to any particular level of output will shift outward from the origin and the MRTSL,K along any ray from the origin will increase. (2) the isoquants corresponding to any particular level of output will shift outward from the origin and the MRTSL,K along any ray from the origin will decrease. (3) the isoquants corresponding to any particular level of output will shift inward toward the origin and the MRTSL,K along any ray from the origin will increase. (4) the isoquants corresponding to any particular level of output will shift inward toward the origin and the MRTSL,K along any ray from the origin will decrease. When a production function can be expressed as q = min{ak, bL}, the relationship between capital and labour in the production function is that (1) capital and labour are perfect substitutes, and the isoquants are linear. (2) capital and labour must be combined in fixed proportions, and the isoquants are L- shaped. (3) capital and labour are easily substituted, and the isoquants are convex to the origin. (4) capital and labour are perfect substitutes, and the isoquants are L-shaped.

The production function q = 9K0.8L0.1 exhibits: a. increasing retruns to scale  b. constant returns to scale  c. decreasing returns to scale  d. none of the above    The production function q = K1.2 + 3L1.2 exhibits a. increasing retruns to scale  b. constant returns to scale  c. decreasing returns to scale  d. none of the above

don't use Al bot or chat GPT otherwise downvote.correct answer will get instant upvote  show calculation

Suppose that the average yearly cost per item for producing x items of a business product is 81 If the current production is x - 9 and production is increasing at a rate of 4 items per year, find the rate of change of the average cost. The average cost is decreasing at the rate of S per year.

Suppose that the production function is given by Y=AK0.4N0.6. What is the percentage change in output if both capital and labor rise by 42%? Write the answer in percent terms with up to two decimals (e.g., 10.22 for 10.22%, or 2.33 for 2.33%).

Given the following aggregate production function: Y = K0.25 (AL) 0.75, where technology A grows at a fixed rate: = g> 0 (a) Obtain the marginal product of capital algebraically, also discussing the second derivative. (b) Transform the production function into efficiency-worker terms, showing how =ỹ depends AL on =k. K AL

not use ai please

D A: F(LKHN) C A:F(L,KH N) 7- Suppose the U.S. economy is producing at point A on Production Function 1 (F). An increase in the labor force participation rate causes more labor to be used in production. The direct effect of this shift is to move the economy O A. Point A O B. Point B OC. Point C O D. Point D O E. Point E

Im so confused what I am doing wrong I need help.