Consider the Production Function $q = \left( k ^ { \alpha } + l ^ { \alpha} \right) ^ { \beta }$

question 8

Multiple Choice

Consider the production function $q = \left( k ^ { \alpha } + l ^ { \alpha} \right) ^ { \beta }$ . For this function to have diminishing marginal productivities and increasing returns to scale,it must be the case that

• A)α > 1 αβ < 1.
• B)α > 1 αβ > 1.
• C)α < 1 αβ < 1.
• D)α < 1 αβ > 1.

Grasp the significance of the Fair Housing Act (FHA) in protecting against discrimination in housing.

Interpret how constructive eviction and the implied warranty of habitability protect tenants.

Comprehend the importance of written leases and the circumstances under which they are required.

Understand the management of common areas and liabilities therein for landlords.

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Definitions:

Positive Correlation

A statistical relationship between two variables where both variables move in the same direction.

Intelligence and Academic Success

Refers to the theoretical link suggesting that higher levels of intelligence may contribute positively to one's performance in academic settings.

Correlation Coefficient

A statistical index of the relationship between two things (from -1.00 to +1.00).

Intelligence

The ability to acquire and apply knowledge and skills, encompassing problem-solving, learning from experience, and adapting to new situations.