Answer:
<u>Requirement 1:</u> Production Output will be 61.42 Units.
<u>Requirement 2:</u> Production Output will be doubled.
<u>Requirement 3:</u> Constant Returns to Scale
Explanation:
<u>Requirement 1:</u>
The output at K=46 and N=82 is given as under:
Y = (46)^1/2 * (82)^1/2
Y = 61.42 Units
<u>Requirement 2:</u>
Now if we double "K" and "N" then:
Y' = (2K)^1/2 * (2N)^1/2
Y' = 2 [(K)^1/2 * (N)^1/2]
Y' = 2Y
This means that the output will be doubled.
<u>Requirement 3:</u>
Option A. Constant Returns to Scale
Constant returns to scale occurs when the increase in the input causes same proportional increase in the production output. Such same proportional increase in the production output is referred to as Constant Returns to Scale.
In the given scenario, as the production output doubles with the doubling of input which was seen in the requirement above. We can say that the production function is characterized by Constant Returns to Scale.
Answer:
C
Explanation:
Different economic systems were created in the past to solve different issues/problems in separate conditions from other countries
Answer:
3 units
Explanation:
Each unit sells at $3. We can calculate this by dividing $90 by 30 units = $3 per unit.
Since the total revenue with the sixth worker is $126, the total output = $126 / $3 = 42 units
Marginal product of the sixth worker = total output with six workers - total output with five workers = 42 - 39 = 3
Marginal product refers to the change in total output resulting from an increase in the number of inputs (workers in this case).
The economic theories that were most clearly applied by the Federal Reserve in response to the economic crisis were based on the theories of Keynes and Friedman.
<h3>
What were the theories of Keynes and Friedman?</h3>
They both believed that aggregate demand can be influenced by government policies and help an ailing economy to recover.
Hence, we can see that from the complete information, the Federal Reserve made use of their theories to intervene and they did this by the use of monetary policy to increase the money supply.
Read more about Keynes and Friedman here:
brainly.com/question/3763180
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Answer:
You can use your computer safely by just toggling the voltage switch on the power supply form 110 volts to 230 volts.
Explanation:
This is a similar issue to what happens with the metric system, the imperial system is used in the US as a cultural thing but it's rarely used anywhere else. The US uses 100 volts because Thomas Edison thought it would be better, while basically everyone else in the world disagrees.
Since most computers are built in China or some other Asian country, they either have an automatic voltage selector or they have a manual switch. In case the power supply uses a manual switch, all you have to do is toggle it to 230 volts.
