Manufacturer automobiles given the production function

Assignment Help Business Economics
Reference no: EM13774353

We manufacturer automobiles given the production function q = 5KL where q is the number of autos assembled per eight-hour shift, K is the number of robots used on the assembly line (capital) and L is the number of workers hired per hour (labor). If we use K=10 robots and L=10 workers in order to produce q = 450 autos per shift, then we know that production is:

A) technologically efficient

B) technologically inefficient

C) maximized

D) optimal

Reference no: EM13774353

Questions Cloud

Discuss and contrast extrinsic versus intrinsic motivation : 1 Discuss and contrast extrinsic versus intrinsic motivation. Give an example of each type of motivation from your personal experience. 2 Describe Maslow's hierarchy of needs. Provide an example of a deficiency need overpowering the need for growth. ..
The slope of the total product curve : The slope of the total product (output) curve is the
Federal agencies to publish in the federal register : What is the difference between riparian and appropriative water rights? Under what conditions is each of these most suited? Provide a reference citation for your source material. There is no minimum word requirement for your written response.
Write review of article america needs to use less chemicals : Write a review of the article "America Needs to Use Less Chemicals".
Manufacturer automobiles given the production function : We manufacturer automobiles given the production function q = 5KL where q is the number of autos assembled per eight-hour shift, K is the number of robots used on the assembly line (capital) and L is the number of workers hired per hour (labor). If w..
Authors development of ideas in the article : Explain how the text structure in the first, third, or fourth pargraph contributes to the authors development of ideas in the article. Give speific evidence in your response.
Religious challenges that the rta has created : Describe and discuss the qualifications that nations need to meet in order to join the RTA.
Describe the purpose of a ddos attack : Describe the purpose of a DDoS attack. How is a DDoS attack configured. How can DDoS attacks be detected and prevented. Research the internet for a DDoS attack. Describe the events.
Find distinct mining harvests : Find distinct mining harvests which have been employed to create designer watches similar to steel along with rifle plated material.

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd