Two technologies for producing output

Assignment Help Business Economics
Reference no: EM131085146

You are the manager of a new firm that can choose between two technologies for producing output using only labor. Technology A can produce two units of output for each hour of labor input. Technology B can produce three units of output for each hour of labor input up to 100 hours, and β units of output for each hour of labor above 100 hours. For what values of β is technology B more productive than technology A?

Reference no: EM131085146

Questions Cloud

Utilize to ensure compliance by nonresident shareholders : Do most states recognize an S Election for state income tax purposes? What methods do states recognizing S status utilize to ensure compliance by nonresident shareholders?
Competitive markets changed the efficiency of these markets : Adam Smith, usually referred to as the father of economics, expounded the theory of free markets and opposed any form of concentration of economic power. What are some of the reasons for this failure? Has government intervention into competitive mark..
Minimum values for the stabilized load voltage : A stabilization circuit has a stability factor of 0.04 and an internal resistance of 5 Ω. The unstabilized voltage can vary between 75 and 100 V, and the load current can vary from 40 to 80 mA. Determine the maximum and minimum values for the stabil..
Determine the current-voltage and power gains : The input signal consists of an e.m.f. of 60 mV from a source of internal resistance 2.2 kΩ, and the total load on the stage output is 4 kΩ. Determine the current, voltage and power gains of the amplifier stage.
Two technologies for producing output : You are the manager of a new firm that can choose between two technologies for producing output using only labor. Technology A can produce two units of output for each hour of labor input. Technology B can produce three units of output for each hour ..
Voltage gain of the basic amplifier : What percentage change in the voltage gain with feedback would be produced by a 50 per cent change in the voltage gain of the basic amplifier due to a change in the load? The loading effect of the feedback network can be neglected.
Find a maximum flow in the network : Find a maximum flow in the network below from the source S to the sink T. Justify that your flow is a maximum flow
Problem regarding the three-phase load : The transformer supplies a 400 V feeder of resistance 0.01 Ω/ph and reactance j0.005 Ω/ph. If VR, the receiving-end voltage, is 400 V, calculate VS, the sending-end voltage, when the three-phase load delivered is 250 kW at unity power factor.
What is the annual electricity output : Domestic waste releases 9 GJ/tonne when burned in electricity from waste plant having a conversion efficiency of 25 per cent. A community of 15 000 households produces 12 000 tonnes of combustible waste annually. (a) What is the annual electricity..

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