What is l & k in india and what is total cost

Reference no: EM13238525

A furniture manufacturer is considering moving its production to India. Its production function is: Q = 1.52L.6K.4. In Canada, w = $24 & r = $4. In India, w = $4 & r = $24.

a. What is the K/L ratio in Canada? If Q = 100, what is L & K in Canada? What is total cost?

b. What is the K/L ratio in India? If Q = 100, what is L & K in India? What is total cost?

c. What would the total cost be in India if the firm used the same factor quantities as

Reference no: EM13238525

Questions Cloud

Find the value of the dielectric constant : A parallel-plate capacitor is constructed with circular plates of radius 6.0×10?2m . The plates are separated by 0.26mm, Find the value of the dielectric constant

Compute all of the following ph values : For the next three problems, consider 1.0 L of a solution which is 0.6 M NH4Cl and 0.2 M NH3 (Ka for NH4Cl = 5.6 x 10-10). Assume 2 significant figures in all of the given concentrations so that you should calculate all of the following pH values ..

What is the value of marginal rate of technical substitution : Suppose the production function is Q = 1.52L.6K.4, and K = 100. a. What is the equation for the average product of labor If L=50, what is the value of the average product of labor

Explain the pf5 molecule is known to have a trigonal : The PF5 molecule is known to have a trigonal bipyramidal shape. Explanation of its bonding includes all of the following EXCEPT: A. Bond Angles of 90 degrees

What is l & k in india and what is total cost : A furniture manufacturer is considering moving its production to India. Its production function is: Q = 1.52L.6K.4. In Canada, w = $24 & r = $4. In India, w = $4 & r = $24. a. What is the K/L ratio in Canada If Q = 100, what is L & K in Canada What..

What is the speed of the rocket : A rocket starts from rest and moves upward from the surface of the earth, What is the speed of the rocket when it is 340m above the surface of the earth

Explain what will be the final temperature of water : If 100 grams of liquid water at 100 C and 200 grams of water at 20 C are mixed in an insulated container, what will be the final temperature of water

Explain what is the equilibrium concentration of c2h5oh : what is the equilibrium concentration of C2H5OH? Help me work this please. My book shows answer of 27. However, I worked it and got 2.7

Determine how is equilibrium achieved in the economy : Using the Keynesian cross model, draw a graph to illustrate and explain what will happen in an economy when planned aggregate expenditures are greater than real GDP (i.e., A.E. > Y). How is equilibrium achieved in this economy

User Account

All Pages