Suppose that the production function is q=f(L, K) = La + Kª, where a>0. For what range of values of a does this production function exhibit increasing returns to scale? For any value of a < 1 None of the above are correct. O For a = 0 For any value of a For any value of a > 1

Q = a,H + a,L +a,H² +a¸L² +a‚HL , where a,>0 2. Q = aH " L, where a, a, y> 0 a) Derive the equation of the relevant Isoquant. b) Find out whether the production function is well behaved.

Please indicate which multiple choice awnser is correct for question 1.1)1.2)1.3)Please indicate it correctly as I have had this awnsered with different letters to the awnser I was told   1.1 - A firm trebles its inputs and discovers that its output rises by a factor of four. This is an example of;Select one or more:a. constant returns to scaleb. diminishing returns to a variable factor c. increasing returns to scaled. economies of scale1.2 - Diseconomies of scale are present when.... Select one or more:a. marginalcostsriseb. long run average costs rise as output rises c. totalcostsfallasoutputrisesd. total costs rise as output rises 1.3 - If the demand for a firm’s product is price inelastic, this implies that Select one or more: a. price changes have no impact on quantity demandedb. a fall in price of 3% will lead to a decline in quantity demanded of more than 3%c. a rise in price will raise total expenditure on the goodd. a 5% rise in price will result in a fall in quantity…

Which of the following production functions exhibits increasing returns to scale in the factors of production K and L? a. y = ĀK0.3 L0.75 b. y = Kª(ĀL)-e,0 < a < 1 c. y = ĀKO.3L0.3 d. y = ĀK/4 + L³/4

Assume a Cobb-Douglas production function of the form: 3 What type of returns to scale does this production function exhibit? In this instance, returns to scale equal This production function exhibits q=10L0.28K0.59 (Enter a numeric response using a real number rounded to two decimal places.) OA. increasing returns to scale. OB. constant returns to scale. OC. initially decreasing but then constant returns to scale. O D. decreasing returns to scale. O E. initially constant but then decreasing returns to scale.

Check the following production functions if they meet (i) out increasing L and K, (ii) diminishing marginal product of K and L, (iii) constant return to scale. Y(K, L) = K^(barAlpha) * L^(1-barAlpha) + barA Y(K,L) = K^4 + L^4

What is the parameter in the production function in the following equation? F(K,N)=K N' ® OA. N O B. F OC. K OD. a

not use ai please

which of the following production functions is an increasing, decreasing or consistent return to scale please show your work a. y=L^0.3K^0.5  b. y= LK^0.5  c. y= L + K