Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
PRODUCTION AND COSTS
1. Consider the following Cobb-Douglas production function for Mauricio's Machines:
Q = (L0.4) * (K0.7)
a. Intuitively, why are Cobb-Douglas production functions more appropriate representations of reality than, say, linear production functions?
b. Based on the function above, is Mauricio's business experiencing economies or diseconomies of scale? Explain how you arrived at your answer.
c. If Mauricio decided to boost Labor by 10% and Capital by 15%, how much will productivity increase?
d. If Mauricio wanted to boost productivity by 50% and already knew he was going to increase capital by 25%, how much would he have to increase his labor force to reach is production target?
The U.S. government bought 112,000 acres of land in south eastern Colorado in 1968 for $17,500,000. The cost of using this land today exclusively for the reintroduction of the black-tailed prairie dog
A piece of new equipment has been proposed by engineers to increase the productivity of a certain manual welding operation. The investment cost is $22,130, and the equipment will have a market value of $5,000 at the end of a study period of five year..
A construction firm needs a new small loader. It can be leased from the dealer for 3 years for $5500 per year including all maintenance
Sue Ellen works for a large computer company. She expects to work this period and next period, and then retire.
Calculate the present worth of the following geometric gradient series cash flow: Annual interest Rate =8.89 %, Annual cash flow increases 29% each year, The first year value is $52 and the series is 8 yrs long starting at EOY 1.
you are a manager in a perfectly competitive market. the price in your market is 45. your total cost curve is cq 10
Provide an in depth answer regarding the relationship between crude oil prices and the CAD/USD. What is their relationship? How does one affect the other?
Suppose that in the market for aluminum rods the demand and supply functions are given by: Find the initial equilibrium price and quantity. Calculate the initial consumer surplus (CS) andproducer surplus (PS). Suppose the government imposes a price f..
Discuss how the Biblical STEWARDSHIP principle (God is owner of all.) impacts business decisions and puts additional constraints on business behavior for the Christian. Because all property is ultimately God’s and profits are due to God’s grace, shou..
a. What is the total fixed cost for this firm? b. Fill in the missing values of TR, MR, ATC, TC, MC and profit.
Instructions: Answer all questions in a single document. Then submit to the appropriate assignment folder. Each response to a single essay question should be about a half-page in length (about 150 words).
Compare to provide also demand conditions in both locations. How many people live in every place.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd