72 288
Assignments Done
Successfully Done
In April 2019

Answer to Question #28199 in Economics of Enterprise for Alidu Salifu

Question #28199
2. An industry can be characterized by the following production function:

Q = 2.5L^.60 C^.40

(a) What is the algebraic expression for the marginal productivity of labor?
(b) What is the algebraic expression for the average productivity of labor?
(c) How would you characterize the returns-to-scale in the industry?
Expert's answer

Not answered

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!


No comments. Be first!

Leave a comment

Ask Your question

Privacy policy Terms and Conditions