logo

Crowdly

Browser

Add to Chrome

Questions Bank (1543299 total)

The blood-air barrier:

lung

❌
❌
❌
✅
❌
View this question

Which option is correct?

Thorax 2

0%
0%
0%
0%
0%
View this question
If the marginal rate of technical substitution of labour for capital is 6, the price of labour is $18, and the price of capital is $9, then the firm
100%
0%
0%
0%
0%
View this question
A sofa manufacturer currently is using 50 workers and 30 machines to produce 5,000 sofas a day. The wage rate is $200 and the rental rate for a machine is $1,000. At these input levels, another worker adds 200 sofas, while another machine adds 500 sofas. If the firm uses 45 workers and 31 machines instead, then its
0%
0%
100%
0%
0%
View this question
A firm is using 500 units of labour and 100 units of capital to produce 100 units of output. Labour costs $5 per unit and capital $20 per unit. At these input levels, another unit of labour adds 50 units of output, while another unit of capital adds 400 units of output. The firm could increase output by
100%
0%
0%
0%
0%
View this question
Suppose that capital costs $10 per unit and labour costs $4 per unit. If the marginal product of capital is 50 and the marginal product of labour is 50, the firm should ________ in order to minimize its costs of producing its output.
100%
0%
0%
0%
0%
View this question
In the long run, what happens to inputs?
0%
100%
0%
0%
0%
View this question
Suppose a firm experiences decreasing returns to scale. This is shown graphically by
0%
0%
0%
100%
0%
View this question
Suppose the long-run average cost curve is U-shaped. When LRAC is in the increasing stage, there exist
0%
0%
0%
0%
100%
View this question
Constant returns to scale exist when long-run average costs
0%
0%
0%
0%
100%
View this question