Consider the production function

Assignment Help Business Economics
Reference no: EM131576993

Consider the production function Q = K0.5L0.5 where K is capital and L is labor. Suppose labor is fixed at 169 in the short-run. What is the average total product?

Reference no: EM131576993

Questions Cloud

Define the first distributive law : Deal with the Boolean algebra {0, 1} with addition, multiplication, and complement defined at the beginning of this section.
Effect on the company the incremental net operating income : Determine the effect on the company's the incremental net operating income of accepting the special order. (Omit the "$" sign in your response.)
Discuss historic responsibility : which states if you emit more greenhouse gasses than your neighbor
Create a training manual document for employee : Create a training manual document for employees and managers that discusses five (5) specific items related to your "hypothetical" business.
Consider the production function : Consider the production function Q = K0.5L0.5 where K is capital and L is labor. Suppose labor is fixed at 169 in the short-run.
Describe what life is like for a corrections officer : Describe what life is like for a Corrections Officer. How does their day-to-day experience differ from that of the management?
Derivative application exercise : Calculate the Y values corresponding to the X values given below. Find the critical values for X for the given polynomial by finding the X values.
Suggest to management two advantage of purchasing the assets : Suggest to management two advantages of purchasing the assets from an outside organization, as opposed to constructing the assets internally.
Explain the legal rights that are afforded offenders : Explain the legal rights that are afforded offenders in the revocation process, and what legal rights are limited.

Reviews

Write a Review

Business Economics Questions & Answers

  Present two policy recommendations based on this issue

Use critical thinking to analyze the issue using economic concepts and theory learned in our class. Present two policy recommendations based on this issue. Use additional references to back up your arguments. Include at least one graph developed in t..

  Conflicting political economic perspectives exist

Conflicting political economic perspectives exist between many nations. Using the United States , Japan, and the former Soviet Union as examples, describe how each nation views capitalism and name at least 2 policy tools used by each to advance their..

  What is the probability of a positive npv

what is the expected NPV for this new machine over ten years? what is the probability of a positive NPV?

  What it the value of the investment

You are valuing an investment that will pay you $12,000 the first year, $15,000 the second year, $18,000 the third year, $21,000 the fourth year, $24,000 the fifth year, and $27,000 the sixth year (all payments are at the end of each year). What it t..

  Differences between relevant and irrelevant costs

In the chapter "Short-Term Decision Making," you are exposed to several cost concepts. Write a brief summary (3–5 paragraphs) of how these cost concepts relate to short- and long-term decision making for a company. Include an explanation of the diffe..

  The type of planning conducted on a long-range basis

The type of planning conducted on a long-range basis by top managers is usually called

  What is the simple payback period for each alternative

Consider the following two mutually exclusive alternatives for reclaiming a deterioring inner-city neighborhood (one of them must be chosen). Notice that the IRR for both alternatives is 27.18%. If the MARR is 27.4% per year, Which alternative is bet..

  What is regionalism

What is regionalism? Use European Union as an example to illustrate the major steps toward regional integration. What major features can you identify for regional integration in Europe, North America and East Asia? what are the dynamics for regional ..

  Problems associated with active discretionary fiscal policy

Some examples of political problems associated with active discretionary fiscal policy are.... [Select two] Recognition lag taxpayer-funded favors to special interests Action (administrative) lag Operational (impact) lag

  The variable cost every unitcompany decided to raise price

A company currently sells 60,00 units a month at $10 every unit. The variable cost every unit is $6. The company decided to raise the price about 10%.

  Monopolist can discriminate across the two markets

There are two markets with inverse demand in market one as P_1 = 20 – Q_1 and in market 2 as P_2= 12 – Q_2. The firm’s cost is 2?(Q_1 + Q_2). Find the profit maximizing levels of Q_1 and Q_2 when the monopolist can discriminate across the two markets..

  What is its percentage rate of return

A firm in a purely competitive industry has a typical cost structure. The normal rate of profit in the economy is 5 percent. This firm is earning $15 on every $150 invested by its founders. Instructions: Enter your answers as whole numbers. What is i..

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!

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