Find the cost minimizing

Assignment Help Business Economics
Reference no: EM131000391

A firm has a production function,q=A LaK1−a, where 0<a<1. It wants tominimize cost for a given production q. The wage rate and rental rate on capital are wand r, respectively.a. Write the Lagrangian expression for the cost minimization problemb. Write the first-order conditionsc. Find the cost minimizing L and K

Reference no: EM131000391

Questions Cloud

What is incident response approach organization should take : Lately, their customers have been complaining about receiving calls from a competitor in another country with detailed information about their purchase histories and relationship with the organization. What is the incident response approach the or..
Calculate break-even for alternative : Estimate amounts used in the calculation of a break-even analysis for each alternative in #1. Calculate break-even for each alternative
What unit value should ross use when applying the lcm rule : The normal profit margin is 30% of selling price. What unit value should Ross use when applying the LCM rule to ending inventory?
What is the before tax income effect of the lcm adjustment : Determine the balance sheet carrying value of SLR's inventory assuming that the LCM rule is applied to individual products. What is the before-tax income effect of the LCM adjustment?
Find the cost minimizing : A firm has a production function,q=A LaK1−a, where 0
Draft a dispute resolution clause : My team is supposed to draft a dispute resolution clause for this week's assignment and we are at a loss for how to make this as original as possible. We used a clause builder tool from the Internet and were going to change some things to make it our..
What is the value of archaeology is to the modern world : How did the author of the article approach the topic differently than the author of your text book and what do you think accounts for these differences?
Find the original speed of the cue ball : Find the angle between the cue ball's original direction of motion and the second ball's direction of motion after the collision. Find the original speed of the cue ball.
Find infinite series converge and diverge : Find which of the infinite series converge and which diverge. Be sure to state which test you are applying - Use integration by parts to express

Reviews

Write a Review

Business Economics Questions & Answers

  Qthere are two countries- home and foreign suppose that the

q.there are two countries- home and foreign. suppose that the production of vacuum cleaners exhibits external economies

  Q1 on one hand the wtos role in international trade is

q1. on one hand the wtos role in international trade is becoming more significant. on the other hand its verdict on the

  What factors might account for the increase in the earnings

What factors might account for the increase in the earnings of college-educated workers vis-vis high school graduates and dropouts over the last three decades?

  Difference between inside and outside money

Consider an economy in which people wish to hold bank checking deposits worth a total of 5 million goods and currency worth 2 million goods in every period. In addition there is a stock of un intermediated capital worth 10 million goods. Find the tot..

  Qcase 2 dove - building a global brand1 historically

q.case 2 dove - building a global brand1. historically unilever has had a reputation for customizing its product

  What is the effect on demand

Graph the following statements using demand curves only, elucidate how whether there is a change in demand

  Unit powerpoint presentation

Unit I PowerPoint Presentation As stated in the Unit I Lesson, the importance of an international trade can be roughly measured using a ratio called openness. Include no more than six abbreviated bulleted items for each slide in approximately 24-poin..

  Benefits and costs to nation of higher trade barriers

A descriptive essay on "what are the benefits and the costs to a nation of higher trade barriers? Which are greater: the benefits or the costs? What impact would a dramatic increase in the world price of oil have on the national?

  Policies as transportation and communication costs decrease

Less-developed countries have a greater incentive to adopt sound institutions and policies as transportation and communication costs decrease. Political decentralization makes it easier for governments to levy taxes and spend revenues on things that ..

  What type of unemployment each of the individuals

Identify what type of unemployment each of the individuals below is facing by dragging and dropping the appropriate term into the bins provided. Use "structural unemployment’s, cyclical unemployment, and frictional unemployment." 2 are cyclical, 1 is..

  Total compensation-banks spread

In a recent year, a bank earned $12 million in interest on its assets of $177 million, it paid out $8 million in interest on its liabilities (excluding capital) of $172 million, and it paid its workers $3 million in total compensation. The bank's spr..

  What should zelnick and conroy do

What should Zelnick and Conroy do. Should BMG integrate. Should they continue to work with a wide array of technology partners.

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