Answer:
Since 0.33 + 0.75 = 1.08 is greater than one, this production function therefore exhibits increasing returns to scale.
Explanation:
From the question, we have the following restated equation:
Where q is the output, and L and K are inputs
To determine the types of returns to scale, we increase each of L and K inputs by constant amount c as follows:
We can now solve as follows;
Since 0.33 + 0.75 = 1.08 is greater than one, this production function therefore exhibits increasing returns to scale.
Answer:
b. an admission in court.
Explanation:
An admission in the law of evidence is a prior statement by an adverse party which can be admitted into evidence over a hearsay objection. In general, admissions are admissible in criminal and civil cases
The answer is <span>preserves and parks. </span>
A reasonable man would attach decision making important to the omitted information.
<h2>Answer</h2>
Macroeconomics
<h3>Explanation</h3>
Macroeconomics is the study of the major health indicators of the economy. The term includes four major indicators including employment, inflation, economic growth, and balance of payment deficit/surplus. The term therefore embodies all of these aspects in it.
