A production function shows the relationship between:A.gross domestic product and gross national product.B.the quantity of inputs used in production and the quantity of output from production.C.buyers and sellers in an economy.D.production and spending.
A production function tells the firmA.the maximum it can expect to produce with a given mix of inputs.B.the average it can expect to produce with a given mix of inputs.C.the minimum it can expect to produce with a given mix of inputs.D.the average level of production for other firm...
aA production function that displays both a diminishing and a constant marginal product of capital can be displayed by drawing a curved line (as in an exogenous growth model), followed by a upward-sloping line (as in an endogenous growth model). Such a graph is depicted below. 显示减少,并且...
aEconomists often use a production function to describe the relationship between the quantity of inputs used in production and the quantity of output from production. 经济学家经常使用一种生产职能描述用于生产的输入的数量和产品之间的数量的关系从生产。[translate]...
百度试题 结果1 题目 A production function relates the amount or volume of output to the various inputs of labor, material and equipment.答案( ) 相关知识点: 试题来源: 解析 正确 反馈 收藏
A production function is an equation that outlines the relationship between a business's productive resources and the output of...
A Production Function Method of Estimating the Output GapMurat Ungor
Figure 1 The figure below depicts a production function for a firm that produces cookies. Refer to Figure As the number of workers increases, A. total output increases, but at a decreasing rate. B. marginal product increases, but at a decreasing rate. C. marginal product increases at an in...
Assume that a country has a production function of Y = K^(0.3)L^(0.7), a ratio of capital to output of 3, and a growth rate of ouput of 3% and a depreciation rate of capital of 4%. Assuming that the price of capital is determined by its marginal output. (2) If the economy ...
百度试题 结果1 题目Cobb-Douglas production function is one example of perfect substitute technology.A、正确B、错误 相关知识点: 试题来源: 解析 错误 反馈 收藏