Home / My Courses / 2022 First Spring BADM 7200 for Richard Stahl / Exam #3 / Exam #3
Started on Saturday, March 5, 2022, 12:37 PM
State Finished
Completed on Saturday, March 5, 2022, 1:35 PM
Time taken 58 mins 18 secs
Points 70.00/70.00
Grade 100.00 out of 100.00
Question 1
Correct 2.00 points out of 2.00
In the long run, a firm is said to be experiencing decreasing returns to scale if a 10 percent increase in
inputs results in
a. a decrease in output from 100 to 90.
b. an increase in output from 100 to 110.
c.
a decrease in output from 100 to 85.
d. an increase in output from 100 to 105. !
Your answer is correct.
The correct answer is:
an increase in output from 100 to 105.
:
, Question 2
Correct 5.00 points out of 5.00
Suppose a firm faces the following average and marginal products of labor:
APL = 50 + 2L - 0.05L2
MPL = 50 + 4L - 0.15L2
At what value of labor does Stage II of production begin?
Answer: 20 !
The correct answer is: 20
:
Started on Saturday, March 5, 2022, 12:37 PM
State Finished
Completed on Saturday, March 5, 2022, 1:35 PM
Time taken 58 mins 18 secs
Points 70.00/70.00
Grade 100.00 out of 100.00
Question 1
Correct 2.00 points out of 2.00
In the long run, a firm is said to be experiencing decreasing returns to scale if a 10 percent increase in
inputs results in
a. a decrease in output from 100 to 90.
b. an increase in output from 100 to 110.
c.
a decrease in output from 100 to 85.
d. an increase in output from 100 to 105. !
Your answer is correct.
The correct answer is:
an increase in output from 100 to 105.
:
, Question 2
Correct 5.00 points out of 5.00
Suppose a firm faces the following average and marginal products of labor:
APL = 50 + 2L - 0.05L2
MPL = 50 + 4L - 0.15L2
At what value of labor does Stage II of production begin?
Answer: 20 !
The correct answer is: 20
:
