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vekshin1
3 years ago
6

The production function q = 22K^0.6 L^0.3 exhibits A. constant returns to scale. B. increasing returns to scale. C. unknown retu

rns to scale because the exponents are not equal. D. decreasing returns to scale.

Business
1 answer:
Ivenika [448]3 years ago
6 0

Answer:

D. decreasing returns to scale.

The answer and procedures of the exercise are attached in the image below.

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

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D) Technology selection for product development

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Product development may involve modifying an existing product or formulating an entirely new product.

Technology selection would refer to choosing the technology whether existing or advanced technology. While an advanced technology would improve a product substantially, it is also risky to forego the familiar technology i.e in the form of machines.

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Explanation:

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Juan wants to start a lemonade stand to earn money. he needs money to purchase the materials before he can sell the lemonade and
wolverine [178]

Juan needs to spend $3 from his pocket to start the lemonade stand to earn money.

To start the lemonade stand, Juan needs to purchase materials before selling his product and earning money. For this he needs money. His mother agreed to give him $10 as a loan to start a lemonade stand. To purchase the required item, he made a list of items to buy:

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But his mother give him $10 as a loan, now the required money is

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Juan needs to invest $3 from his pocket to start the lemonade stand and earn money.

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