Business
Business, 24.03.2020 02:24, BREBRE8932

Consider the production function Q = aLb where b > 1.Take the first differentiontiation of Q with respect to L. \partial Q/\partial L =ab > 0.Hence the Marginal product of labor is positive .Lets check whether there is diminishing return to labor or not. Again take the second order partial derivative with respect to Labor. \partial ^2Q/\partial L^2 =0.This means that there is constant return to labor. thus, this implies that if the labor increases by 10 units then output also increase by 10 units.

answer
Answers: 1

Other questions on the subject: Business

image
Business, 21.06.2019 17:30, kevenluna10oytivm
Salvador county issued $25 million of 5% demand bonds for construction of a county maintenance building. the county has no take-out agreement related to the bonds. it estimates that 20% of the bonds would be demanded (called) by the buyers if interest rates increased at least 1%. at year-end rates on comparable debt were 7%. how should these demand bonds be reported in the government-wide financial statements at year-end? a) $25 million in the long-term liability section of the governmental activities column. b) $5 million in the current liability section of the governmental activities column and $20 million in the long-term liabilities section of the governmental activities column. c) $5 million in the governmental activities column and $20 million would be reported in the schedule of changes in long-term debt obligations. d) $25 million in the current liability section of the governmental activities column
Answers: 1
image
Business, 22.06.2019 09:30, byron17
Oliver's company is planning the launch of their hybrid cars. the company has included "never-before-seen" product benefits in the hybrid cars. which type of advertising should oliver's company use for the new cars?
Answers: 1
image
Business, 22.06.2019 12:00, hannaboo53
Identify at least 3 body language messages that project a positive attitude
Answers: 2
image
Business, 22.06.2019 12:30, ash011519
On june 1, 2017, blossom company was started with an initial investment in the company of $22,360 cash. here are the assets, liabilities, and common stock of the company at june 30, 2017, and the revenues and expenses for the month of june, its first month of operations: cash $4,960 notes payable $12,720 accounts receivable 4,340 accounts payable 840 service revenue 7,860 supplies expense 1,100 supplies 2,300 maintenance and repairs expense 700 advertising expense 400 utilities expense 200 equipment 26,360 salaries and wages expense 1,760 common stock 22,360 in june, the company issued no additional stock but paid dividends of $1,660. prepare an income statement for the month of june.
Answers: 3
Do you know the correct answer?
Consider the production function Q = aLb where b > 1.Take the first differentiontiation of Q with...

Questions in other subjects:

Konu
Advanced Placement (AP), 29.04.2021 19:10
Konu
History, 29.04.2021 19:10