Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Production in the long-run
Suppose the production function of a typical producer is given as where l is labor and k is capital. The factor prices are w = $1 and r = $48 for labor and capital respectively.
Q = K1/2l1/3
(a) Does this production function exhibit constant, increasing, or decreasing returns to scale? Explain.
(b) Find the marginal product of each factor and the marginal rate of technical substitution.
(c) What is the Örmís optimal long run choice of factors if it is to produce a target level of output at f(l; k) = 32?
(d) What is the minimum cost of producing 32 units of output in the long run?
Represents the potential outcomes of your first salary negotiation after graduation and does the ability to move first give the employer an advantage?
Externalities are 3rd-party consequence of some other action. They can be positive or negative externalities and they impose a benefit or cost to a 3rd-party.
Given the following total-revenue function tr=9q-q2 (a) derive the total-, average-, and marginal- revenue schedules from q=0 to q= 6 by 1's
What is cost of AFC per paper, what is MC per paper and what is minimum amount must charge to break even on costs?
A refuse recycling operation is considering installing some additional magnetic sorting equipment which will protect the processing equipment from damage. Three alternative systems have been identified, each of which is estimated to save the compa..
Calculate the price elasticity of demand for Einstein's Bagels and explain what it means and derive an expression for the (inverse) demand curve for Einsteins's Bagels.
Formerly, market for air travel in Europe was highly regulated. Entry of new airlines was severely restricted, and air fares were set by regulation.
IBM Company has a reputation for not necessarily making new technology, but acquiring relatively new firms with innovations and successful technology.
Suppose that MN Company is currently selling 300 units of Product SD per month. Management wants to increase sales and feels this can be done by cutting the selling price by $22 per unit and increasing the advertising budget by $20,000 per month. ..
The federal government employs a budget plan over several fiscal years that results in significant increases in the national debt, with no relief or plans to deal with the problem.
Choose a United States multinational company. In terms of currency denomination, discuss how the company values its revenues and costs.
Take a small company to be established and construct a cost revenue analysis to see how feasible the project could be? Divide your cost of production into fixed and variable cost. Calculate the price that you think will make the business break eve..
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd