Solved

Suppose the Production of DVD Players Can Be Represented by the Following

Question 97

Multiple Choice

Suppose the production of DVD players can be represented by the following production function: q = L0.4K0.4. Which of the following statements is (are) TRUE?


A) The production function has decreasing returns to scale.
B) The marginal productivity of labor falls as labor increases in the short run.
C) Capital and labor can be substituted for one another.
D) All of the above.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q91: Over a five-year span,the ABC Co.reduced the

Q93: Isoquants<br>A)hold utility constant.<br>B)hold capital constant.<br>C)hold labor constant.<br>D)hold

Q94: If a firm triples inputs and produces

Q96: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8230/.jpg" alt=" -The above table

Q98: Suppose the production of DVD players can

Q99: Which of the following statements is TRUE

Q101: If MP<sub>L</sub> = 3, and MRTS =

Q102: Diminishing marginal returns lead to diminishing returns<br>A)when

Q108: Returns to scale refers to the change

Q127: The length of the short run is