Illustrate what is approximately the maximum amount

Assignment Help Business Economics

Reference no: EM1347565

HW 9 (MO) A rm that uses two inputs to produce output has the production function 3x1/3 y 1/3 , where x is the amount of input 1 and y is the amount of input 2. The price of output is 1 and the prices of the inputs are wx and wy . The rm is constrained by the government to use exactly 1000 units of input 1. How much of input 2 does it use? What is the most that it is willing to bribe an inspector to allow it to use another unit of input 1? 11. HW 10 (MO): A rm that uses two inputs to produce output has the production function 4x1/4 y 3/4 . The price of output is 1 and the price of each input is 1. The rm is constrained to use exactly 1000 units of input x. How much of input y does it use? Illustrate what is approximately the maximum amount the rm is willing to pay to be allowed to use e more units of input x, for e small?

Reference no: EM1347565

Questions Cloud

Theories of motivation and personality traits : How do individual personality traits affect the type of motivational strategy to use within the work environment? Please provide examples of how this would apply.

Sample question-cost-volume-profit analysis : Suppose only the specified paramenters change in cost-volume-profit analysis. If the contribution margin increases by $2 per unit then operating profits will ____.

Calculate beta for new portfolio : Suppose you hold a diversified portfolio consisting of a dollar 10,000 investment in each of 15 different common stocks. The portfolio beta is = 0.9. Calculate beta for new portfolio.

Motivational plan - intrinsic and extrinsic motivation : Describe intrinsic motivators for your sales professionals: What motivates salespeople internally? For example is a simple pat on the back good enough, are they self-motivated only, do they want public recognition, or so on?

Illustrate what is approximately the maximum amount : Illustrate what is approximately the maximum amount the rm is willing to pay to be allowed to use e more units of input x, for e small

Advantages and disadvantages of incentive pay : List and describe the advantages and disadvantages of incentive pay, and describe how companies can overcome the disadvantages.

Express strength of the electric field between the plates : Calculate each of the following if the electrons exit the field with a speed of 4.45x10^6 m/s and distance between the plates is 2.07 cm.

Stress and motivation in the workplace : Describe in detail some of the signs you would be looking for when feeling extreme stress from job burnout and what steps should be taken to overcome this condition.

Financial ratios and investment analysis : The yearly sales for Salco corporation were 4.5 million dollar last year. The firms end-of-year balance sheet was given, so please calculate Salcos total asset turnover, operating return on assets and operating profit margin.

User Account

All Pages