What is the cost-minimising combination

Assignment Help Business Management
Reference no: EM131271318

If a firm's output is produced according to Q = 4LK, the price of K is $10, and the price of L is $40, what is the cost-minimising combination of K and L capable of producing 64 units of output? The cost-minimising quantity of K is? The cost-minimising quantity of Lis?

Reference no: EM131271318

Questions Cloud

Formatting instructions necessary in research report : Suppose your instructor requires you to follow the formatting instructions in the APA Pocket Style Manual exactly. Is he or she being too picky and should they lighten up a bit? Are specific formatting instructions necessary in a research report? Why..
Thought of again facing bankruptcy of business : Allison operates a pizza establishment and has run into difficult economic times. Just when Allison feels that her business was finally going well, a new pizza place opens nearby. Allison cannot stand the thought of again facing bankruptcy of a busin..
What are the utility ethics raised in the given situation : What are utility ethics raised in this situation? Discuss the ethics of this situation in context of utility ethics. What are the benefits and the costs to AirXYZ in choosing to notify the FAA and in opting to voluntarily ground its fleet of planes..
Most important thing the leader did to contribute to success : My project is to survey problems and propose improvements at my new job as an employee (a dispatcher) at Flight Services and Systems (FSS) at Logan International Airport, Boston, Massachusetts. What were the key factors in the success? What was the m..
What is the cost-minimising combination : If a firm's output is produced according to Q = 4LK, the price of K is $10, and the price of L is $40, what is the cost-minimising combination of K and L capable of producing 64 units of output? The cost-minimising quantity of K is? The cost-minim..
What is the significance of the role of each stakeholder : Organize stakeholders based on priority. Who are the critical stakeholders involved in this negotiation? What is the significance of the role of each stakeholder? What are the priorities of each stakeholder
Influence the growth of productivity and gdp : 1. Monetary policy could influence the long-run behavior of price levels, inflation rates, costs, and other real or nominal variables 2. Trade deficits or surpluses can influence the growth of productivity and GDP.
Using six-period and a three-period moving average : Given the sales data from Problem 23, generate forecasts for months 7-24 using a six-period and a three-period moving average. Use MAD to compare the forecasts. Which forecast is more stable? Which is more responsive and why?
Calculation of the gross domestic product : Explain why factors that are not part of the calculation of the Gross Domestic Product (GDP) can be important exclusions that have important meaning for understanding domestic macro-economics.

Reviews

Write a Review

Business Management Questions & Answers

  Who at roanoke oversees the account review process

Examination will give you practical experience in writing a business letter and doing prewriting for an informal report - Phoenix Advertising, with its main headquarters in Charlotte, North Carolina, serves clients that include banks, insurance comp..

  Enact a quota on swiss watches to reduce the trade deficit

Suppose that the US government has decided to enact a quota on Swiss watches to reduce the trade deficit. What impact will this quota have on the trade balance? How will this change affect real and nominal exchange rates? What impact does the quot..

  Driving life principles and this permeates

Living in harmony with nature, the planet, and all of its inhabitants is one of your driving life principles and this permeates everything you do. If and when you start your own business, it will reflect this life-long passion.

  Compare a public network to a private network

Determine the impact that the Internet and World Wide Web has had on doing business. There are many things to consider here, economic, cultural, social, and so on. In other words, consider the consumer side as well as the business side of th..

  How could those dangers be mitigated

How much voice and input would you recommend Andrea give to the staffers, as the Blaze transitions to its "new normal"? What are the pluses of giving such input and what would be the dangers associated with it? How could those dangers be mitigated

  Goalsselect an organization that you have worked for or one

goalsselect an organization that you have worked for or one that you are familiar with and find the goals the

  The objections relating to loyalty to a present supplier is

The objections relating to loyalty to a present supplier is called reseller objection

  Questionthe recruitment department of a main company has 13

questionthe recruitment department of a main company has 13 staff including a manager 7 recruiters and 5

  Explain the primary functions of an operating system

Write a message for Simon that briefly summarizes, in your own words and Explain the primary functions of an operating system.

  Explain three examples each of highrisk and lowrisk decision

Explain the concept of fundamental attribution error. If you were to encountering a coworker who rarely smiles or returns your greeting when you pass her in the hall, how might this perceptual bias influence you opinion of that person..

  Who should report a land gain the trust or the

who should report a land gain the trust or the beneficiary?you are the trustee for the steadman trust. the trust has

  Presume you are the marketing manager for target

Presume you are the Marketing Manager for Target or another brand and How would you apply the four functions of the marketing management process in your role?

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