Suppose the production function

Assignment Help Macroeconomics
Reference no: EM131298861

Suppose the production function is given by Q = 5K + 3L. What is the average product of capital when 10 units of capital and 10 units of labor are employed?

a) 5
b) 8
c) 3
d) 30

Please provide assistance as well as the work to derive the solution. Please answer with in 30 minutes.

Reference no: EM131298861

Questions Cloud

Successful hospitality andtourism manager : Analyze the trends in leadership and management to determine which ones will have the most influence on the HTM industry in the next 5-10 years. Explain your rationale.
Develop a matlab program to compute and plot : Develop a MATLAB program to compute and plot hd(t) and hq(t) as defined. Assume that fl = 180, fu = 220 and that f' takes on the following four values:
Essential foundations of economics : Bade & Parkin. (2015). Essential Foundations of Economics (7th Ed.). Pearson: Boston, Mass.
Determine and plotting the phase response of the filter : It was pointed out in the discussion that the digital filter will have linear phase.- Show this by determining and plotting the phase response of the filter for order=1 and order=30.
Suppose the production function : Suppose the production function is given by Q = 5K + 3L. What is the average product of capital when 10 units of capital and 10 units of labor are employed?
What is the natural rate of unemployment for this country : A country with a civilian population of 90,000 (all over age 16) has 70,000 employed and 10,000 unemployed persons. Of the unemployed, 5,000 are frictionally unemployed and another 3,000 are structurally unemployed.
Identify internal and external interactions : Spend 2 or 3 hours observing the organization in which you are employed. During the observation, identify internal and external interactions of the organization. You can talk to stakeholders who might have information relating to external interact..
How does ben age affect his decision to get an mba : How does Ben's age affect his decision to get an MBA? What other, perhaps nonquantifiable factors affects Ben's decision to get an MBA? Assuming all salaries are paid at the end of each year, what is the best option for Ben from a strictly financial ..
Do you agree or disagree with given : "Organizations should be able to hire employees without government interference."- Do you agree or disagree? What do you think would happen if organizations could do this?

Reviews

Write a Review

Macroeconomics Questions & Answers

  Describe what would the benefits of each action be

As a policy maker concerned with correcting the effects of gases and particulates emitted by and local power plant, answer the following  What two policies could you use to reduce the total amount of emissions

  What was the highest mortgage rate since 1971

What was the highest mortgage rate since 1971? In what year? Compare the inflation rate from the BLS tables to the mortgage rates. What is the apparent relationship between inflation and nominal interest rates?

  What gap-inflationary or recessionary-will economy face

An economy is inlong-run macroeconomic equilibrium when each of the followingaggregate demand shocks occurs. What kind of gap-inflationaryor recessionary-will the economy face after the shock

  Calculate optimal output and profits

Bada Bing, Limited. supplies standard 256 MB RAM chips to the US computer and electronics industry. Like output of its competitors, Bada Bings Chips must meet strict size, shape, and speed specifications.

  Return on investment and glod price

Roi resources currently have an unused gold mine. Mine was shut down four years ago due to depressed price of gold. However ROI are considering re-opening the mine.

  Do you agree or disagree with this quote

The Federal Reserve System is structured in such a way as to insulate monetary policy from the political pressures characteristic of the rest of our political system of representative democracy.

  Why the cost curves of the firms are unchanged

If we assume that all firms in a perfectly competitive constant cost industry are identical, we conclude that, in the long run, product price will exactly equal the firms' minimum average total cost. Explain why this is true using supply and deman..

  What is the optimal profit function of the firm

A firm has cost function: C(y) = { y^2 + 1 if y > 0, {0 if y = 0, Let p be the price of output. 1) If p = 2, how much will the firm produce? If p = 1, how much will the firm produce? 2) What is the (optimal) profit function of the fir..

  Draw an as-ad diagram

Draw an AS/AD diagram which shows what happens if strong growth in AD has pushed actual RGDP to a level above potential (full employment) RGDP.

  Escribe the effect of such clauses on both the government

Describe the effect of such clauses on both the government, and other customers, noting, inter alia, the effect on the selling firmâ.

  Examine the contribution that automatic stabilizer

Examine the contribution that automatic stabilizers play in creating a stable economy.

  What is the bun-creatinine ratio

In the United States, the average number of airplanes in the sky on an average morning is 4000. What is BUN-creatinine ratio

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