Determining the given production function

Reference no: EM131801673

Question: Production suppose that the production function for a company is given by

Q = 80K^1/4L^3/4

where Q is the output (in hundreds of units), K is the capital expenditures (in thousands of dollars), and L is the work-hours. Find ∂Q/∂K and ∂Q/∂L when expenditures are $625,000 and total work-hours are 4096. Interpret the results.

Reference no: EM131801673

Questions Cloud

Determine the direct method for operating cash flows : Using the direct method for operating cash flows, prepare Leers statement of cash flows

What do you think are the best intervention practices : Write a paper in which you describe the procedure and process a case manager should take when completing formal referrals and linking clients.

Classification of qualitative research : 1. How could each classification of qualitative research be used here? 2. What qualitative research tool(s) would you recommend be used and why?

Employee performance in the organization : Employee motivation related to employee performance in the organization

Determining the given production function : Production suppose that the production function for a company is given by Q = 80K1/4L3/4.

Product or service surviving with competition : How is your chosen product or service surviving with this competition? Compare strengths and weaknesses of the competitive product or service compared.

Identify the key conclusions the video comes to and presents : Identify the key conclusions the video comes to and presents? Provide your analysis/answer in five or more sentences.

Could criminal charges be brought against pestinikas : Under the criminal code of the state of Wisconsin, could criminal charges be brought against Pestinikas?

Determine total revenue including sales allowance : How many more items should be subtracted from total revenue including sales allowance, sales discount and returns

User Account

All Pages