Find supply set using given data

Assignment Help Microeconomics
Reference no: EM132208533

Question: An efficient small firm has production function q(k, I) = k1/4I1/2, and the unit costs for capital and labor are v = 2 and w = 3. Find its supply set assuming that there is a limit L on its production level. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132208533

Questions Cloud

Quality and adequacy of the literature review in situation : What goes through your mind regarding the quality and adequacy of the literature review in this situation?
Energy management and conducting energy audits : Introduction to Energy Management and Conducting Energy Audits
Address the issue of vpn security : Significance of VPN for contemporary organisations that have branches nationally and internationally - VPN Replacement Technologies
What is the present worth of your payment : The university your daughter wants to go in the fall of 2107 requested that you pay the tuition for all 4 years upfront when she starts school.
Find supply set using given data : An efficient small firm has production function q(k, I) = k1/4I1/2, and the unit costs for capital and labor are v = 2 and w = 3.
How rpm can potentially hurt competition : When we talked about resale price maintenance (RPM), among the antitrust lawsuits concerning vertical restraints, a substantial fraction of them concern RPM.
Find total depreciation of the first three years : The manager of a Glidden Paint manufacturing plant is planning to use SL, DDB or MACRS to compare the total depreciation of the first 3 years for a recently.
What is the optimum quantity of goods : Assuming x is a pure public good, derive the total marginal benefit function. What is the optimum quantity of x if the marginal cost of producing it is 50.
Calculate the length of queue at the bottleneck : Let us consider the bottleneck model discussed in the class. Let us give specific values for the parameters in the model.

Reviews

Write a Review

Microeconomics Questions & Answers

  Compare and contrast the demand curve for public goods and

Compare and contrast the demand curve for public goods and the demand curve for a private good. Evaluate the impact of the current trend toward the expansion of government services.

  Why might education exhibit positive externalities

Why might education exhibit positive externalities? Describe a government policy to internalize the positive externality of education.

  Equations describe an economy

Equations describe an economy.

  Trade barriers between the us and the country

The class project is required to pass this course. Non-completion of the class project will lower the student's final grade by one less letter grade.

  Tax rates on the market for municipal bonds

Suppose a candidate who runs on a platform of “soak the rich” wins the 2016 presidential election. After being elected, he or she persuades Congress to raise the top marginal tax rate on the federal personal income tax to 65%.

  Find equivalent present worth of future cash flow generated

A chemical production facility that is under construction is expected to be in full commercial operation one year from now. Once full operation, the facility will generate $85,000 cash profit daily over the plants service life of 8 years.

  What is pauls compensated demand function

What is Paul's compensated demand function? Show that the demand functions calculated in part (a) are homogeneous of degree zero in PX, PY and I.

  What is the value of net domestic product

Given the following annual information about a hypothetical country, answer questions a through d. What is the value of GDP? What is the value of net domestic product?

  Difference between a normal good and an inferior good

Explain the difference between a normal good and an inferior good. Would your answers to question 7 change depending on whether this good is a normal or inferior good? Why?

  A hurricane in south carolina damages the cotton crop

A hurricane in South Carolina damages the cotton crop.

  What is the equivalent taxable yield for an investor

What is the equivalent taxable yield for an investor facing a 40% marginal tax rate, and who can purchase a tax-exempt municipal bond with a yield of 7.2?

  Consider the following model of a frims revenues

Consider the following model of a frims revenues as a function of its marketing expenditures and dummy variables for the quarters of the year. you have quarterly data from 1987 to 2003

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