All Questions
5 questions
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Returns to Scale Microeconomics
Are there any production function $f(x_1,\ldots,x_n)$ that is having decreasing returns to scale, given that the marginal product in every input $i$ in the function $f$ is constant?
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1
vote
1
answer
81
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Production function involving profit maximisation
Hi, I don't get how the answer of d is deduced in this question because I don't think I made any mistakes in my calculation and have also used all the information given. After knowing L is 800, I ...
- 15
-1
votes
1
answer
417
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MRTS question involving production function [closed]
My work out shows constant MRTS and also increasing returns to scale. I thought the answer was C as I only found increasing marginal products of labour and capital. I really don't see how the answer ...
- 15
0
votes
1
answer
160
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intuitive interpretation of the marginal return/productivity of capital being less than one
Let's assume you have a production function, f, and you want to know how the output changes with respect to capital, everything else constant (ceteris paribus), so you want to know the marginal ...
- 157
1
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2
answers
2k
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Proof that for increasing AC MC(Q)>AC(Q) at any Q>0? [closed]
I know the "common sense" proof, but how can we prove it algebraically?
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