Re: Production

Posted by vandita24x7 on May 17, 2013; 2:46pm
URL: http://discussion-forum.276.s1.nabble.com/Production-tp7580916p7580930.html

yes c is a monotonic transformation i did not consider that :p. and B is  DRS for both x1, x2>1 right??

On Fri, May 17, 2013 at 8:04 PM, Sumit [via Discussion forum] <[hidden email]> wrote:

@Vandita 24x7:
 part.b) certainly not IRS.. but I also doubt that it's certainly DRS....I think it can be vary acc..to level of input..bcoz If you take a,b both=1,,,n take initial input x1=1,x2=1....n then doubling both the inputs....then you will see that ouput remain same..

n for part c) its CRS bcoz if you see it closely its nothing but cobb-douglas prod. fn...which is always constant return to scale....


n the question you asked I think has incomplete information....

---

If you reply to this email, your message will be added to the discussion below:

http://discussion-forum.2150183.n2.nabble.com/Production-tp7580916p7580929.html

To start a new topic under General Discussions, email [hidden email]
To unsubscribe from Discussion forum, click here.
NAML