User Account

All Pages

Determine if this production function

Assignment Help Business Management
Reference no: EM132263121

Suppose the following production function: Q = 10 (K)1/3 (L)2/3 subject to; W *L + r * K = Cost.

a. Suppose that K the amount of capital is K =8. If this company hires 64 workers (L), calculate the value of Q.

b. Determine if this production function exhibits constant, increasing or decreasing returns to scale.

c. The marginal Products are the following: MPK = and MPL = Please derive the marginal rate of technical substitution

Reference no: EM132263121

Questions Cloud

Discuss the current health it structure : How does the current health IT structure at your institution support or hinder the effectiveness of informatics specialists in nursing, medicine.
Discuss italy corporate governance regime : A jewelry firm buys semiprecious stones to make bracelets and rings. Study and discuss Italy's corporate governance regime and its role in failure of parmalat
Identify the proponents-opponents of the bill : Determine the legislative intent of the bill you have reviewed. Identify the proponents/opponents of the bill. Identify the target populations addressed by the.
Compute the doubling time : The population of the world in 2003 was 6.314 billion. It grew between 1975 and 2003 at an annual rate of 1.6%. Assume that it continues to grow at this rate.
Determine if this production function : Suppose the following production function: Q = 10 (K)1/3 (L)2/3 subject to; W *L + r * K = Cost.
Cleaning equipment to eradicate odor created by factory : The smell of the Bacon factory has adversely affected the Water Park such that it has put in air cleaning equipment to eradicate the odor created by the factory
Define critical thinking and evidence-based practice : Define critical thinking and evidence-based practice. Discuss what critical thinking in nursing practice entails and explain why it is important.
Does it pay to be socially responsible : Does it pay to be socially responsible? Explain why or why not. What are the implications for companies? References David, F. R. (2017). Strategic Management
Equilibrium differ from a game maximin solution : How does a Nash equilibrium differ from a game's maximin solution? When is a maximin solution a more likely outcome than a Nash equilibrium?

Reviews

Write a Review

Business Management Questions & Answers

  Development of strategic management

What specific recommendations would you make to the senior management team in the development of their strategic management plans.

  Explain how the medicare advantage program

Explain how the Medicare Advantage program is intended to benefit consumers, insurers, and the government. If Medicare Advantage participants

  What keeps a company on top

Is the key element in what keeps a company on top, the way they are able to market their products or is it their success in making profits? Can anyone think of a company that is successful but does not have a great product? Can anyone think of ..

  People who receive the letter respond to it

An average response rate for a marketing letter is 4% of the people who receive the letter respond to it. A company writes a new type of marketing letter, sends out 2,400 of them, and gets 65 responses. Explain whether the new type of letter would..

  Transaction processing systems are excellent for handle

Transaction Processing Systems are excellent for handling data needs

  Effective presentation

Imagine that you are facilitating a training course at DNA and you have been advised that there will be a group of hearing impaired individuals attending your "Effective Presentations" training class.

  How media and communications play integral roles

Describe the components of an effective Crisis Management Plan, and the methods to ensure all stakeholders are engaged in developing the plan

  Why do you think employees react in this way

What can leaders do to avoid this skeptical reaction on the part of employees and ensure that the new vision/mission is embraced?

  What nonmarket risks does mtn face

1. What nonmarket risks does MTN face in its current operations?

  Leaving memo on ethics in preparation for sabbatical

Suppose that you're a CEO of an organization, which has offered you the chance to take a six month sabbatical, all expenses paid. You will not be able to communicate with anyone at your workplace while you are away-not by letter, phone, fax, e-mai..

  Describe the organizations leadership or management

Describe the organization's leadership/management. Describe the company's communication processes and decision making processes. What plans for change are in process?

  Approach or knowledge in mumford model

The problem-solving competency in the skills model is most similar to:

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