Cost of a unit of capital

Assignment Help Business Management
Reference no: EM131266365

Suppose that a firm's production function isq=10L0.5K0.5. This means that the marginal rate of technical substitution is K/L. The cost of a unit of labour is $20 and the cost of a unit of capital is $80. The firm wants to produce 130 units of output. If capital is fixed in the short run at 5, then the firm should hire how many units of labour?

Reference no: EM131266365

Questions Cloud

Explain importance and benefits of using critical thinking : Discuss the importance and benefits of using critical thinking. Relate the importance and benefits of critical thinking to the example provided. Discuss ways you might use critical thinking in your current job or chosen career path.
Write the summary of the given project : Write the summary of the given project.- This should reflect on the learning process that you have undergone in doing this assignment.
Describe where the sources of power and influence exist : Describe where the sources of power and influence exist in your organization. How should leaders use power and influence to drive ethical behavior? Why is this important?
Write a critical analysis of ernest hemingway author bio : Write a critical analysis of one of the works below in BOLD. Write a 750-950 word essay on one of the following topics. Aim for a 5-paragraph essay structure.
Cost of a unit of capital : The cost of a unit of labour is $20 and the cost of a unit of capital is $80. The firm wants to produce 130 units of output. If capital is fixed in the short run at 5, then the firm should hire how many units of labour?
What economic factors should be considered : To prepare for this Discussion, analyze the provided scenario. What are the advantages and disadvantages of the vertical integration of the hospital and physicians' practice? What economic factors should be considered?
What are some of the criticisms made by wundt students : What are some of the criticisms made by Wundt's students and colleagues of his approach to the study of consciousness? And what Psychological schools developed in the wake of Wundt's worl?
Find the corrisponding price elasticity of demand : Suppose a firm's inverse demand curve is P = 100 - Q and its marginal cost is constant at $20. Show that the value of the Lerner index at the profit-maximizing quantity is 0.67. Find the corrisponding price elasticity of demand.
Motivation and performance management : Motivation and Performance Management. Compare the difference between job satisfaction and organizational commitment. Determine which is more strongly related to performance for your selected company.

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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