Suppose that production for good

Assignment Help Business Economics

Reference no: EM13980979

Suppose that production for good x is characterized by the following production function, q=k0.5Lo.5, where k is the fixed input in the short run. if the per init rental rate of capital, r, is $15 and the per unit wage, w, is $125, then the average fixed cost of using 16 units of capital and 25 units of labor is

Reference no: EM13980979

Questions Cloud

Marginal revenue function of a monopolist : Suppose the marginal revenue (MR) function of a monopolist is 5000-0.25Q, what is the profit maximizing price and quantity? Show or identify the demand, marginal revenue and total revenue curves. State the maximum amount of total revenue—in US dollar..

Does it means that abortion rates are increasing : Does this information surprise you? Does it mean that young people are less likely to become pregnant, or does it means that abortion rates are increasing? What do you think are some reasons for the decline in teenager births as a share of total?

Advantages and disadvantages of self-discrepancies : How would you describe the discrepancy between your self-concept and your self-ideal - large, small or moderate? What are the advantages and disadvantages of self-discrepancies?

Develop a detailed selection plan for this position : Develop a detailed selection plan for this position. Determine what you want to measure by analyzing KSAOs from the job description and the information on organizational culture in the case, and fitting the selection measures into the plan format

Suppose that production for good : Suppose that production for good x is characterized by the following production function, q=k0.5Lo.5, where k is the fixed input in the short run. if the per init rental rate of capital, r, is $15 and the per unit wage, w, is $125, then the average f..

Required to work in turn for government assistance : Should mothers of young children be required to work in turn for government assistance? Does the age of the child make a different? What about the number of children? What are issues involved?

Financing of programs-extent of poverty in different states : Should states or federal government be given more responsibility for poverty programs? What are the implications of placing greater responsibility for these programs on the states? Think about the financing of programs, the extent of poverty in diffe..

Think these test are accurate indicators of school quality : What do you think of the No Child Left Behind Act, especially its requirements that schools test their students annually? Do you think these test are accurate indicators of school quality? Do you see any problems associated with the testing programs?

Assume a large world economy with several countries : Assume a large world economy with several countries. There is a good that can be produced domestically by every country in the absence of trade. Suppose Country 1 has the following demand and supply curves for this good: D1= 28-2P and S1= 2P-4. By ho..

User Account

All Pages