Multiple Choice
If output is produced according to Q = 30L + 12K,then the output elasticity is:
A) 2.
B) 0.
C) 1.
D) 0.5.
E) 21.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q21: Isoquants usually slope downward (from left to
Q22: Increasing returns to scale:<br>A) occur only where
Q23: Output is produced according to Q =
Q24: A straight line drawn from the origin
Q25: In the following table,the marginal product of
Q27: Hedge Fun is a landscaping firm that
Q28: If rice can be produced using water
Q29: The law of diminishing marginal returns states
Q30: The marginal rate of technical substitution between
Q31: In the following table,the average product of