martes, 17 de marzo de 2009

segundo problema generador

3. - What in general can be said about the returns- to- skate properties of production function that homogenous?
Suppose the production function y= f(x), x € R +, is homogenous of degree k that is.

f (sx) = S f(x)
This production function displays
(I) increasing returns to scale if k>1
(II) Constant returns to scale if k = 1
(III) Decreasing returns to scale if k< 1


Suppose that y= f (x) x € R +, is homogeneous function, if x and x are any two points on the same level curre of the function fand we multiply each of these points by the same factor S to get points sx and sx respect I vel , then both of these points will also lie on a single- level curve.

4. - What in general can be said about the returns- to- scale properties of production that are not homogenous?
This function can not be written in the form same that the homogenous because isn´t homogenous, and its returns – to- scale properties depend on the values of x, and x .

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