Suppose an automobile manufacturer is choosing between

Assignment Help Microeconomics
Reference no: EM13315938

Manufacturer Production Function Sample Homework

Question: Suppose an automobile manufacturer is choosing between two production options.

It can produce 100 cars with 200 workers and 50 machines, or it can produce 166 cars with 300 workers and 75 machines. Would you describe the manufacturer production function as exhibiting decreasing, constant, or increasing returns to scale? Explain.

Reference no: EM13315938

Questions Cloud

Provide three reasons for being concerned about this recomme : Stabilization policy holds that during periods of poor economic performance government should engage in expansionary policies but during periods of poor economic performance government should engage in contractionary policies. Provide three reasons f..
Business relationships in a general sense : Discuss this organisation from the perspective of McKinsey's 7 S's of Organisational Change and how has the use or potential use of e-commerce in your organisation impacted business relationships in a general sense?
Which ball excerts a geater net force on the block : Two balls attached to strings have the same mass and volume, but are made of different materials. Which ball excerts a geater net force on the block
Government is aware of possible infectious epidemic attacks : A research has indicated that although the government is aware of possible infectious epidemic attacks, local healthcare systems are not prepared to respond to this type of bioterrorist attack. Is this a true statement? Is there a national emergency ..
Suppose an automobile manufacturer is choosing between : It can produce 100 cars with 200 workers and 50 machines, or it can produce 166 cars with 300 workers and 75 machines. Would you describe the manufacturer production function as exhibiting decreasing, constant, or increasing returns to scale? Explain..
How long does the spark last : The 210 A current through a spark plug moves 0.270 mC of charge. How long does the spark last
What is the optimal price for the entrant to charge : A crucial assumption in this example is that the incumbent must charge the same price to all consumers and the entrant can target a subset of the customers. Is this example useful for thinking about markets where prices are negotiated? Why or why not..
Find the forces on the supports : A 150kg uniform board 8m long is supported by two posts: one 1m from the left and the other 2m from the right. Find the forces on the supports
Determine whether the system is dispersive or nondispersive : Gven the relationship between angular frequency and wave number derived from some wave equation, determine whether the system is dispersive or nondispersive

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

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