Suppose the production of VCRs can be represented by the following production function: q = L0.4 K0.4. The firm currently produces units. If all inputs doubled, the new level of output will equal
A) 20.4 q1.
B) 20.8 q1.
C) 0.8 q1.
D) 1.6 q1.
B
Economics
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The tendency for the values of two variables to move in a predictable and related way is known as
A) a natural experiment. B) a normative relationshi
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The interest rate charged on overnight loans of reserves between banks is the
A) prime rate. B) discount rate. C) federal funds rate. D) Treasury bill rate.
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Financial risk occurs due to variations in returns which
A) is induced by leverage. B) is due to the ups and downs of the economy. C) is due to changes in government regulations. D) is a result of changes in exchange rates.
Economics
Refer to the demand and supply equations. What are the equilibrium price and quantity?
What will be an ideal response?
Economics