User Account

All Pages

What is the factor of input demands

Assignment Help Finance Basics
Reference no: EM132445021

Let the production function be f(x1, x2, x3, x4) = min{x1, x2} + min{x3, x4}

a) What is the factor of input demands when the price of the inputs are (1, 2, 3, 4)?

b) What is the cost function?

c) What kind of returns to scale does this technology exhibit?

Now suppose that the firm has a production function of the form f(x1, x2, x3, x4) = min{x1 + x2, x3 + x4}

a) What is the factor of input demands for the new production function when the price of the inputs are (1, 2, 3, 4)?

b) What is the cost function for the new production function ?

c) What kind of returns to scale does this new production function technology exhibit?

Reference no: EM132445021

Questions Cloud

Evaluate the integral : Question - Evaluate the following integral
Small open economy model : Suppose that the economy begins in a position of balanced trade. Use the model of the small open economy to predict what would happen to the trade balance
Find the arc length of a curve : Question - Find the arc length of a curve: y = 7x3/2 - 4 from x = 0 to x = 1
Describe the new type of consumption : Describe the new type of consumption spending that surfaced in the 1920s. How was some of it financed?
What is the factor of input demands : a) What is the factor of input demands when the price of the inputs are (1, 2, 3, 4)?
What is the expected utility of the output strategy : Suppose the owner of the firm has a utility function of the form utility =vpwhere p is weekly profits. What is the expected utility of the output strategy
What is the economic basis for trade : What is the economic basis for trade? Explain the underlying facts that support free trade and give an example of a good that you purchased recently
Professional autonomy and social contract : Specify whether you would utilize the professional autonomy, social contract, or free market perspective as paradigm to design the structure of your new center
COIT20268 - Responsive Web Design Assignment : COIT20268 - Responsive Web Design (RWD) Assignment Help and Solution, Central Queensland University, Australia. Clearly identify the nominated website

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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