Industry in their home country

Assignment Help Business Economics

Reference no: EM138388

Q1. Y = F(K, L) = A K0.4L1.0

a) Calculate the marginal product of labor (MPL)

b) Does this production function exhibit diminishing marginal product of labor? Please explain your reason.

Q2. Identify three types of competition that most firms encounter other than competition from other firms in their industry in their home country.

Q3. Suppose the current equilibrium price for American cheese is $1.00 per pound. Suppose the French suddenly develop a preference cheese of American. Explicate the impacts of this unlikely development on all the relevant markets.

Reference no: EM138388

Questions Cloud

Meeting those needs : How could a company go about meeting those needs and thus motivate you to work better and harder.

Impact of opening trade : What is the impact of opening trade on the real rental on capital.

What is the kinetic energy of ball : Assume that a binary star system consists of two stars of equal mass. They are observed to be separated by 310 million kilometres and take 4.0 Earth years to orbit about the point midway between them.

Construction of handmade rugs : Consider the construction of handmade rugs moreover assembly line robots in Canada and India.

Industry in their home country : Identify three types of competition that most firms encounter other than competition from other firms in their industry in their home country.

The final temperatures of two systems : A pet-store supply truck moves at 25m/s north along a highway. Inside, a dog moves at 1.85m/s at an angle of 35° east of north. What is the velocity of the dog relative to road.

Employee and your remaining subordinates : Explain how you would tell the employee and your remaining subordinates.

What effect will increase in temperature : What effect will increase in temperature from 25 degree Celsius to 32 degree Celsius of the metal metre stick have on the measurement of the dimension of rectangular block? Why are corrections not generally essential for this effect.

Economy to have more competitive markets : Elucidate is it good for the economy to have more competitive markets.

User Account

All Pages