User Account

All Pages

Types of coats using the same workers

Assignment Help Basic Computer Science
Reference no: EM131960792

Jordan's jackets produces two types of coats using the same workers. The production function and marginal product of labor for each type can be expressed as :

Y1=500+200L1-2L12 , MPL1=200 - 4L1

Y2= 300+ 100L2 -0.5L2 , MPL2= 100 - L2

A. Assume P1=8, P2 =10, what is the marginal revenue product for each type of coat ?

B. If the firm hires 50 identical workers , what is the optimal distribution between types of coats? round your answers to two decimal places. Fractional workers are allowable.

C. What is the equilibrium wage paid to the workers? round your answer to two decimal places.

Reference no: EM131960792

Questions Cloud

Which proposal will be the final outcome : The decision making process can be done by only one time. Which proposal will be the final outcome? Explain the decision briefly.
Find net gain or loss after the given time period : Simulate the price of the stock for the next 90 days. You should also find net gain or loss after the 90 days. Using a data table in Excel.
Make a stacked bar chart that shows the total cost : Make a stacked bar chart that shows the total cost, including the design, implementation, and maintenance costs over an expected system life of seven years.
Explain the steps involved in 3d transformation : Explain the steps involved in 3d transformation
Types of coats using the same workers : Jordan's jackets produces two types of coats using the same workers. The production function and marginal product of labor for each type can be expressed as :
What is the interest expense for the loan : You are considering borrowing 1 million SEK for one month at an APR of 12%. The bank will require a (no-interest) compensating balance of 6% of the face value.
Provide a copy of selected journal article to team members : Provide a copy of the selected journal article to team members by the scheduled tutorial. For Mt Helen students, a team forum will be provided in moodle.
Circular-flow diagram of the economy : In the circular-flow diagram of the economy, the flow of money into each market or sector is always equal to the flow of money coming out of each market
Aggregate reserves and short-term : Briefly explain why a Central Bank cannot control both aggregate reserves and short-term (overnight) interest rate

Reviews

Write a Review

Basic Computer Science Questions & Answers

  Identifies the cost of computer

identifies the cost of computer components to configure a computer system (including all peripheral devices where needed) for use in one of the following four situations:

  Input devices

Compare how the gestures data is generated and represented for interpretation in each of the following input devices. In your comparison, consider the data formats (radio waves, electrical signal, sound, etc.), device drivers, operating systems suppo..

  Cores on computer systems

Assignment : Cores on Computer Systems:  Differentiate between multiprocessor systems and many-core systems in terms of power efficiency, cost benefit analysis, instructions processing efficiency, and packaging form factors.

  Prepare an annual budget in an excel spreadsheet

Prepare working solutions in Excel that will manage the annual budget

  Write a research paper in relation to a software design

Research paper in relation to a Software Design related topic

  Describe the forest, domain, ou, and trust configuration

Describe the forest, domain, OU, and trust configuration for Bluesky. Include a chart or diagram of the current configuration. Currently Bluesky has a single domain and default OU structure.

  Construct a truth table for the boolean expression

Construct a truth table for the Boolean expressions ABC + A'B'C' ABC + AB'C' + A'B'C' A(BC' + B'C)

  Evaluate the cost of materials

Evaluate the cost of materials

  The marie simulator

Depending on how comfortable you are with using the MARIE simulator after reading

  What is the main advantage of using master pages

What is the main advantage of using master pages. Explain the purpose and advantage of using styles.

  Describe the three fundamental models of distributed systems

Explain the two approaches to packet delivery by the network layer in Distributed Systems. Describe the three fundamental models of Distributed Systems

  Distinguish between caching and buffering

Distinguish between caching and buffering The failure model defines the ways in which failure may occur in order to provide an understanding of the effects of failure. Give one type of failure with a brief description of the failure

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd