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AysviL [449]
3 years ago
12

Which of the following production functions exhibit constant returns to scale?I. Q=6−q^4II. Q=2K+LIII. Q=K^0.8 L^0.2

Business
1 answer:
Vladimir79 [104]3 years ago
5 0

Answer:

Option 3

Explanation:

This is because the sum of the powers of both labour (L) and capital (K) equals 1

0.8 + 0.2 = 1

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3 years ago
What effect does the change in the market for cripps pink apples have on the price of the apples and on the quantity supplied an
Anika [276]

Answer:

The change in the market for Cripps  is positively related with other apples.

Explanation:

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3 years ago
Garfield Company has the following information for the current​ year: Beginning fixed manufacturing overhead in inventory $230,0
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Answer:

the difference between operating incomes under absorption costing and variable​ costing is $180,000 .

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The difference between the two Operating Incomes lies in the amount of Fixed Overheads that has been deferred in Inventory.

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3 years ago
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