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!
Suppose that Q = K1/2L1/2, w = $2 and r = $2. The combination of inputs that minimizes the cost of producing 2000 units and the total cost are:
a. K* = L* = 2000, TC = $8,000
b. K* = L* = 1000, TC = $6,000
c. K* = L* = 1000, TC = $5,000
d. K* = L* = 2000, TC = $2,000
e. More information is required to answer this question
How would implementation of a marginal cost pricing system for water impact total agricultural consumption and total urban consumption of water in California?
Suppose a firm employs capital (K) and labor (L) to produce a product with the following production function: Q = min(K, L), where Q is the quantity produced and min(K, L) is the minimum (i.e., smallest) value of K or L. For example, if K = 20 and L ..
Suppose Guild produces 5,000 guitars per year. Its average total cost is $90, and its fixed cost is $250,000. What is its variable cost?
In the long run equilibrium, a monopolistic competitor will produce to the point at which A) actual average total costs are at the minimum of possible ATC B) actual average total costs are higher than the minimum of possible ATC C) resources are used..
This is for an econ class about the history of Europe. The answer should be about a paragraph long.
Would it ever be rational for a firm to retain an employee whose current marginal revenue product is less than her current wage? Explain.
Why are deposit-type intermediaries able to create money? What factors increase the amount of deposits the banking system can create with any given injection of new reserves?
The just-in-time inventory system is designed to reduce the inventory period. In essence, companies pay their suppliers to carry the inventory for them. Reducing the inventory period reduces the operating cycle and thus the cash cycle.
What is the marginal rate of substitution (MRS) and why does it diminish as the consumer substitutes one product for another? Use examples to illustrate.
Fixed cost for a hot water line per meter of pipe is $100X + $250 per year. The cost for loss of heat from the pipe per meter is $5.4X^ -2 per year. Here, X represents the thickness of insulation in meters, and X is continious design variable. What i..
A new law requires that all construction workers in your area belong to a labor union. Will this shift the labor supply curve, demand curve if both in home construction.
How an economist answers the question, does economic power exist, is one main difference between the heterodox and conventional approaches. Explain both positions by explaining their supposed general theories. (Note, this is asking you to explain, ac..
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