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!

Comments

No comments. Be first!

Leave a comment

Ask Your question

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS
paypal