User Account

All Pages

At what level of employment would diminishing returns set

Assignment Help Macroeconomics
Reference no: EM13331344

A cost minimizing firm has the following short run production function:

Q=f (L,K)=72L+5L2-0.2L3

a) Briefly explain why this is a short run production function.

b) At what level of employment would diminishing returns set in for the variable input?

Reference no: EM13331344

Questions Cloud

Discuss the relationship between inflation and interest rate : Discuss the relationship between inflation and interest rate. Do an international relationship exist, yes no HOW?
Explain what is the minimum uncertainty : If the x-component of the velocity of an electron can be measured only to a precision of , what is the minimum uncertainty of the position of the electron in the x-direction. ( )
Minimize the current years tax liability : Minimize the current years tax liability. That is, they would like to defer income when possible and take the largest deductions possible, a practice they have followed in the past.
Implementation of information gathering component : Based on the pseudocode developed in Subtask 1.1, you are to implement the Information Gathering Component in this task.
At what level of employment would diminishing returns set : At what level of employment would diminishing returns set in for the variable input?
Ecommerce business from any industry or e-business type. : Case study of an eCommerce business in which you identify a gap, and then propose an innovation to potentially improve the eBusiness.This innovation should be simple but able to make an important contribution to the customer andto the business. You c..
Give two examples of policies from recent history that can : Give two examples of policies from recent history that can be considered as keynesian intervention to economy by us government. Briefly explain how the changed role that keynesian theory ascribed to government has affecte the overall performance of t..
Find the refractive power of her glasses : A person whose near-point distance is 52cm wears a pair of glasses that are 2.2cm from her eyes. Find the refractive power of her glasses
Explain how many liters of hydrogen gas are formed : How many liters of hydrogen gas are formed from the complete reaction of 1.06mol of C? Assume that the hydrogen gas is collected at a pressure of 1.0 atm and temperature of 325K? Using C(s)+H2O(g)=CO(g)+H2(g)

Reviews

Write a Review

Macroeconomics Questions & Answers

  Illustrate what are those key objectives

Illustrate what are those key objectives and what are the key tools does the Fed use to achieve those objectives.

  Provide three reasons for being concerned about this recomme

Stabilization policy holds that during periods of poor economic performance government should engage in expansionary policies but during periods of poor economic performance government should engage in contractionary policies. Provide three reasons f..

  Define what kinds of rules would the need to institute

If the villagers together decided to achieve the allocation in part (b), what kinds of rules would the need to institute If they wanted everyone to benefit equally in the new system, what kind of tax and transfer system would they need

  Assume that a company maximizes its total profits

Assume that a company maximizes its total profits and has a marginal cost. Find the price at which the firm sells the product.

  Explain why does a union electrician earn les

Using the economic concepts that explain differences in wages, discuss any three of the following points. Post your response to each of the three points separately. Why does a chief executive earn more than a rocket scientist working for NASA

  Compute the optimal price using the arc formula

Compute the optimal price using the arc formula for elasticity. How does the arc formula for elasticity factor in to these equations.

  Calculating mva

Over the years, Janjigian Company stockholders have provided $15,250 of capital, part when they bought new issues of stock and part when they allowed management to retain some of the company's earnings.

  Estimate equilibrium price and output

Compute the monopoly equilibrium. Compute the consumer surplus. Assume this firm practices two-parts tariffs, Compute the optimal output.

  Spell out the types of policies also practices companies

Spell out the types of policies also practices companies should develop if they want to keep their workers from unionizing.

  Hwo to decide what the best level of emission reduction

1. what two policies could you use to reduce the total amount of emissions 2. why do you think each would work 3. what would the benefits of each action be (besides emissions reduction) 4. what would the cost of each action be

  Describe the firms optimal advertising-to-sales ratio

Describe the firms optimal advertising-to-sales ratio.

  Practice question for the sherman act

This post denotes a practice question for the Sherman Act.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd