Production function show diminishing marginal productivity, Microeconomics

+44 141 628 6080
[email protected]

Production function show diminishing marginal productivity

Consider the following production function y = F(K,L) = A K0.4 L1.0

a. Calculate the marginal product of labor.

b. Does this production function exhibit increasing, decreasing or constant returns to scale? Demonstrate and explain.

c. Does the production function exhibit diminishing marginal productivity of labor?

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Production function show diminishing marginal productivity

Reference No:- TGS0512689

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Microeconomics

Q : Describe result of simultaneous policies using is-lm model

Using IS-LM model, describe and graphically demonstrate result of these two simultaneous policies. Write down brief narrative to support the graph.

Q : Perform a critical path analysis for the network

Draw the AON project network by using Microsoft Project, Microsoft Visio, or some other tool capable of making such a network. Make a critical path analysis for the network and compute the ES, EF, LS, and LF times.

Q : What are some of the metrics marketers use to evaluate

What are some of your favorite TV or Internet ads? Why? How effective are the message and creative strategies? How are they creating consumer preference and loyalty and building brand equity?

Q : Criminal fraud versus civil fraud

Suppose a situation in which the client under audit by the IRS omitted $100,000 in income. From the e-Activity, analyze the major factors relative to the omission by client that would result in criminal investigation,

Q : Production function show diminishing marginal productivity

Does the production function exhibit increasing, decreasing or constant returns to scale? Show and describe.

Q : The price of the firm common stock

A bond that a $1000 par value (face value) and a contract or coupon interest rate is 10.9%. The bonds have a current market value of $1,123 and will mature in 10 years. The firm’s marginal tax rate is 34%.A new common stock issue

Q : Taxation of us businesses operating abroad

Per the text, a U.S. parent company doesn't include the income of the foreign subsidiary till the income is repatriated as dividends.

Q : Determining the different types of budgets

Explain some of the different types of budgets? Explain in detail one type of budget covered in the text.

Q : Explain the sociological processes you observe

Explain the sociological processes you observe using two or more of the theories or models incorporated in this course (conflict theory, critical theory, cultural theory, feminist theory, gender classification model, etc.).

1945162

Questions
Asked

3,689

Active Tutors

1439381

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Production function show diminishing marginal productivity

Reference No:- TGS0512689

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : Describe result of simultaneous policies using is-lm model

Q : Perform a critical path analysis for the network

Q : What are some of the metrics marketers use to evaluate

Q : Criminal fraud versus civil fraud

Q : Production function show diminishing marginal productivity

Q : The price of the firm common stock

Q : Taxation of us businesses operating abroad

Q : Determining the different types of budgets

Q : Explain the sociological processes you observe

Describe some of your personality traits

Identify one antecedent, one behaviour, and one consequence

Identify a specific theory of cognitive or moral development

Discussion about gender stereotyping

Describe the results, including any scores

How ensure that the youth understand what study involves

Discuss social worker working with foster children

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Production function show diminishing marginal productivity

Reference No:- TGS0512689

Recent Questions Asked Microeconomics

Q : Describe result of simultaneous policies using is-lm model

Q : Perform a critical path analysis for the network

Q : What are some of the metrics marketers use to evaluate

Q : Criminal fraud versus civil fraud

Q : Production function show diminishing marginal productivity

Q : The price of the firm common stock

Q : Taxation of us businesses operating abroad

Q : Determining the different types of budgets

Q : Explain the sociological processes you observe

Asked Questions