User Account

All Pages

Experiencing economies or diseconomies of scale

Assignment Help Business Economics
Reference no: EM132401233

Given the Cobb-Douglas production function for Mabel's factory Q = (L0.4) * (K0.7)

a) Based on the function above, does Mabel's factory experiencing economies or diseconomies of scale? Explain.

b) If the manager wished to raise productivity by 50% and planned to increase capital by 25%, how much would she have to increase her labor to reach that desired production level?

Reference no: EM132401233

Questions Cloud

Optimal level of schooling for an individual : The evidence from the United States suggests that the marginal rate of return to education is about 20% per year.
Post kyoto environmental incident : How does the Dollar Decline, Iraqi Coup, and Post Kyoto environmental incident have an impact on the oil market? Does the price go up or down or remain stable?
Environmental policy and employment : Consider two cities, each of which initially experiences 100 tons of pollution per day (50 tons from each polluting firm). City T imposes a pollution tax
Predict wages and employment : In the city of Growville, the equilibrium employment is 100,000 workers and the equilibrium wage is $100 per day. The wage elasticity of demand for labor
Experiencing economies or diseconomies of scale : Based on the function above, does Mabel's factory experiencing economies or diseconomies of scale? Explain.
Issue of incentives for innovation : This question addresses the issue of incentives for innovation
Estimate of actual discrimination than the overall : Explain why the "adjusted" pay gap (after controlling for observable factors) might NOT be a better estimate of actual discrimination than the overall
Compare and contrast the concept of supply and demand : Explain a time that you have experienced the effects of supply and demand and discuss what happened knowing what you know now.
Re-design the social sciences and humanities building : University decides to re-design the Social Sciences and Humanities building so that people stop getting lost. They decide to solicit bids from local

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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