Find the cost minimizing combination of labor and input

Assignment Help Econometrics

Reference no: EM13244921

"Suppose the production of airframes is characterized by a CES production function: Q=(K^0.5 + L^0.5)^2 (MPL = (K^1/2 + L^1/2) /L^1/2), MPK = (K^1/2 + L^1/2) /K^1/2) Suppose that the price of labor is $10 per unit and the price of capital is $1 per unit. Find the cost minimizing combination of labor and input for an airframe manufacturer that wants to produce 121,000 airframes."

Reference no: EM13244921

Questions Cloud

What is the kinetic energy in ev : A proton is introduced at rest at a distance of 2 x 10^-14 from a bare nucleus of uranium, What is its kinetic energy in eV when it is expelled to infinity

What are the efficiency and equity effects of introducing : Consider two metropolitan areas, one that has many small school districts and one that has only a few large school districts. In a paragraph, what are the efficiency and equity effects of introducing a voucher system likely to differ across these two..

Describe calcium hydroxide react completely : with what volume of 5.0M HF will 7.4 g of calcium hydroxide react completely, according to the reaction 2HF + Ca(OH)2 --> CaF2 + 2H2O

Compute the atomic mass of m : 1.000 g sample of a metal chloride, MCl2, is dissolved in water and treated with excess aqueous silver nitrate. The silver chloride that formed weighed 1.286 g. Calculate the atomic mass of M.

Find the cost minimizing combination of labor and input : "Suppose the production of airframes is characterized by a CES production function: Q=(K^0.5 + L^0.5)^2 (MPL = (K^1/2 + L^1/2) /L^1/2), MPK = (K^1/2 + L^1/2) /K^1/2) Suppose that the price of labor is $10 per unit

Find the magnitude of the net magnetic field : The current in a solenoid with 21 turns per centimeter is 0.45A, Find the magnitude of the net magnetic field a radial distance of 0.70 cm from the straight wire.

Explain what is the molar mass of ca3(po4)2 : Phosphoric acid can be prepared by reaction of sulfuric acid with "phosphate rock" according to the equation: Ca3(PO4)2+3H2SO4 ---> 3CaSO4 + 2H3PO4 What is the molar mass of Ca3(PO4)2?

Where will our country be if they did not have unemployment : With the unemployment salary at an hourly rate of $7.25 do youbelieve that this helps our economy, does it hurt oureconomy Should it be higher as there are other states andcountries that have a higher base salary for unemployment.

Explain what is the delta h of formation for bao : when 2.74 g of Ba(s) reacts with O2(g) at 298 K and 1 atm to form BaO(s), 11,100 J of heat is released. what is the delta H of formation for BaO(s) in kJ/mol?

User Account

All Pages