Recent Posts • Latest Topics • Unanswered Questions

4, where Y denotes total output, A ...

RHCP12

wrote...

Go to Answer

Posts: 141

Rep:

A year ago

Suppose an economy has the production function Y = A K1/4 H3/4, where Y denotes total output, A ...

Suppose an economy has the production function Y = A × K1/4 × H3/4, where Y denotes total output, A denotes the level of technology, K denotes the physical capital stock, and H denotes the efficiency units of production. Which of the following is TRUE of this economy?

▸ Production in this economy exhibits increasing returns to scale.

▸ Production in this economy exhibits decreasing returns to scale.

▸ Production in this economy exhibits constant returns to scale.

▸ Production in this economy decreases when the price level increases.

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

Read 36 times

1 Reply

Report

Replies

Answer verified by a subject expert

schoolkidchuck

wrote...

Posts: 121

Rep:

A year ago

More solutions for this book are available here

Report

Related Topics

RHCP12 Author

wrote...

A year ago

You make an excellent tutor!

Natalie Price

wrote...

Yesterday

Smart ... Thanks!

djeghri

wrote...

2 hours ago

this is exactly what I needed

New Topic

Quick Reply

Explore

Post your homework questions and get free online help from our incredible volunteers

1178 People Browsing

Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook

Related Images

296

907

3736

Your Opinion

Previous poll results: Which 'study break' activity do you find most distracting?

Bonobos, Chimpanzees, and the 98% DNA Link

The Toxic Skin and Fungi Defense

Courses by Biology Forums

It's sore throat season, why does my mucus have red spots?

Strange Ingredients Lurking in Doritos Chips

Ready to ask a question on Biology Forums? Try it out

Join Our Community

Biology Forums - Study Force is a free online homework help service catered towards college and high school students. Get homework help and answers to your toughest questions in biology, chemistry, physics, mathematics, engineering, accounting, business, humanities, and more. Master your assignments quickly with thousands of step-by-step solutions to countless textbook questions asked and answered by our members. If we don't have your question, don't worry. You can ask any homework question and get expert homework help in as little as two hours.

Our extensive online study community is made up of college and high school students, teachers, professors, parents and subject enthusiasts who contribute to our vast collection of study resources: textbook solutions, study guides, practice tests, practice problems, lecture notes, equation sheets and more. With our help, your homework will never be the same!

Join for free today

How is Biology Forums - Study Force different than tutoring?

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.