Find the amount of output that can be produced

Reference no: EM131790728

Question: Q = 6LK w = $3, r = $1.5 The firm would like to know the maximum output that can be produced for $9,000. Find the combination of inputs that maximizes output for a cost of $9,000, the amount of output that can be produced, and identify the expansion path. Fill in Multiple Blanks

(a) The expansion path is (enter the equation of the expansion path in the form K = f(L)). For (b), if rounding is required, round your answer to the whole number (i.e., do not show the decimal places). Enter the numerical value only, do not enter any symbols ($, €, %, etc.).

(b) The combination of inputs that maximizes output for a cost of $9,000 is: K = units and L = units, and the amount of output that can be produced is units.

Reference no: EM131790728

Questions Cloud

Prepare the journal entry to record the proceeds of the note : Hanna Company borrows $80,000 on July 1 from the bank by signing a $80,000, 10%, one-year note payable. Prepare journal entry to record proceeds of the note

How is earnings per share calculated : How is earnings per share (EPS) calculated? Why do we calculate diluted EPS? How is EPS used in the price/earnings ratio

What is the number of accidents involving males : What is the standard deviation for the number of accidents involving males between the ages of 19 and 34?

Weighted-average interest rate : Weighted-average interest rate, Compute the weighted-average interest rate used for interest capitalization purposes

Find the amount of output that can be produced : Q = 6LK w = $3, r = $1.5 The firm would like to know the maximum output that can be produced for $9,000. Find the combination of inputs that maximizes output.

Compute the basic and diluted eps : McManus Inc. reported net earnings of $400,000 for the year. McManus has 200,000 shares of common stock outstanding all year. Compute the basic and diluted EPS.

Define marketable securities : Define marketable securities ( also referred to as short- term investments). What characteristics of securities justify classifying them as financial assets

What is the income tax refund receivable : The Kelso Company had the following operating results, What is the income tax refund receivable

Reconcile the fcf valuation results : Reconcile the FCF Valuation results with the Market Multiples Valuation results - Calculate the value of Cartwright using that formula and discuss

User Account

All Pages