Should the firm change its input mix

Assignment Help Macroeconomics
Reference no: EM131255396

A firm is facing the following input prices: wage rate = $8/hour and price of capital = $16. At the current input mix MPL = 24 and MPK = 32. Should the firm change its input mix? Why?

Reference no: EM131255396

Questions Cloud

What message or agenda are each conveying to followers : What message or agenda are each conveying to "followers?" Discuss three themes for each official. If you were the social media advisor to each man, what would suggest for each? Based upon your "best practices," are they doing it right?
How does the government try to control social costs : How does the government try to control social costs? What are the problems of the government trying to do so?
Combatting global warming : How has economics been used recently to assist in combatting global warming (via increasing renewable energy use, etc)?
Calculate the cycle time : A product whose total work content time = 50 min is to be assembled on a manual production line. The required production rate is 30 units/hr.
Should the firm change its input mix : A firm is facing the following input prices: wage rate = $8/hour and price of capital = $16. At the current input mix MPL = 24 and MPK = 32. Should the firm change its input mix? Why?
How would bracket international pursue it? any thought : Is it a good idea for Bracket International to partner with its vendors or suppliers to implement the RFID technology? If so, how would Bracket International pursue it? Any thought?
Find the firm average fixed cost : (a) Find the firm's fixed costs (FC) and variable costs (VC). (b) Find the firm's average fixed cost (AFC), average variable cost (AVC), and average total cost (ATC (c) Use calculus to find the output level that minimizes average total cost
Draw an rolc tree for the cab company : Draw an ROlC tree for the cab company. - Analyze the labor efficiency and the efficiency of using the fleet of cabs using productivity ratios.
Examines components of homeland securitys terrorism program : Write a research paper that examines nine main components of Homeland Security's terrorism prevention program in depth. Be sure to expand on whether or not components effectively work together and support your position.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

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