User Account

All Pages

Find the long run total cost curve

Assignment Help Business Economics
Reference no: EM131414233

Suppose q= AK1/3L2/3, w = 5 and v = 3.

A) Find the long run total cost curve if A = 1

B) What happens to the total costs if A = 2 instead? Explain.

Reference no: EM131414233

Questions Cloud

What are the characteristics of lenovos culture : What strategies does Lenovo employ to maximize company efficiency and flexibility? What are the characteristics of Lenovo's culture? How does the culture help Lenovo achieve its international goals?
Compute the return variance of the $4 billion in abco stock : Assuming that the three economic scenarios are equally likely, compute the return variance of the $4 billion in ABCO stock for each of the six possible pairs of subsidiaries remaining.
Write attributes from your personal and cultural background : Being familiar with the personal and cultural background of clients can help social workers better evaluate a client problem or develop an intervention. In particular, it is important for social workers to have some understanding of the cultural b..
Total cost and total benefit functions : How would you do question 1 part A? Do you integrate the total cost and total benefit functions? And how would you find the price to charge the customers?
Find the long run total cost curve : A) Find the long run total cost curve if A = 1. B) What happens to the total costs if A = 2 instead? Explain.
Part of a free-enterprise system : While on an airplane trip in his country, Keller decides that his ticket cost too much and that the food was not good. Keller lives in a command system. The government controls goods and services. Do you think that Keller will write a letter to th..
Challenges and opportunities related to cultural diversity : Describe at least one challenge the social worker in the media piece faced related to cultural diversity, and explain how she addressed the challenge.Describe at least one cultural diversity opportunity the social worker in the media piece had, an..
Compute the expected return of the s&p 500 index : The beta for the S&P 500 index, computed with respect to this tangency portfolio, is .54. Compute the expected return of the S&P 500 index, assuming that this 80%/20% mix really is the tangency portfolio when the risk-free rate is 5 percent.
Emerging data-analytical tools : How might the Internet of Things (Iot) and new emerging data-analytical tools be used to disintermediate traditional customs brokers, freight consolidators and other 3PLs from your value chain?

Reviews

Write a Review

Business Economics Questions & Answers

  How long will it take you to pay off the debt

You have a credit-card debt of $16,986 and the interest rate you are paying is 14%. You have been making the minimum monthly payment (assume that the minimum monthly payment is 1.8% of the remaining balance) and you are not continuing to make cha..

  What is the mechanism in the economic system

What is the mechanism in the economic system that guarantees the saving of the economy will always equal the investment of the economy? You may assume a closed economy in answering the question.

  Competitive firms are price takers

We assume that competitive firms are "price takers." Explain what this means. What is keeping competitive firms from setting prices? Is this a plausible assumption? For which industries is it a likely assumption? For which is it not plausible?

  In theory socialism is an economic system

In theory socialism is an economic system:

  Compared to perfectly competitive market-monopoly market

Compared to a perfectly competitive market, in a monopoly market

  The development of black markets

The development of Black Markets -The requirement of nonrefundable cleaning deposits. -Reductions in apartment quality. -An increased emphasis on informal connections in allocating apartments. -The requirement of nonrefundable key deposits. -An incre..

  What types of polices were actually implemented

In the most recent economic downturn, what types of polices were actually implemented (fiscal, monastery, or both?) to stimulate the economy? Provide examples of the policies and tell if it was a success, and why?

  Innovation and balanced strategic planning approach

Discuss the relationship between innovation and a balanced strategic planning approach. Incorporate references to your work experience where appropriate. Justify your perspective.?

  Pizza over the past five decades

Elucidate why Pizza Hut has expanded its offerings of pizza over the past five decades

  Abolish restrictions on the free movement

One of the objectives of the European Union is to abolish restrictions on the free movement of all factors of production, including labor, services, and capital. Considering the latest financial crisis in Cyprus, would you suggest modifying the EU Ch..

  Make the comparison on the basis of present worth

A facility engineer is looking at two proposed alternatives to install anti-pollution control equipment mandated by the State of California. Assume equal lives of 25 years, no salvage values, and interest at 25%. Make the comparison on the basis of p..

  Illustrate what is each firm equilibrium output

Illustrate what is each firm's equilibrium output and profit if they behave noncooperatively. Use the Cournot model. Draw the firms' reaction curves and show the equilibrium.

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