What is the fixed cost, In the short run, capital (studios,

What is the fixed cost

Reference no: EM13843795

Question: A film studio in Hollywood produces movies according to the function
q = F(K;L) = (2=100)K^0.5L^0.5

In the short run, capital (studios, gear) is xed at a level of 100. It costs $40 (in thousands) to rent a unit of capital and $10 (in thousands) to hire a unit of labor (actors, stuntmen, camera crew etc.).

What is the fixed cost? What is the variable cost as a function of output q?

Reference no: EM13843795

Questions Cloud

Sustainable business practices have positive impact : Do you think sustainable business practices have a positive impact on business success? What are some criticisms of sustainable business? Do you agree with the triple bottom line?

What are the legal and ethical implications of change : What are the legal and ethical implications of change? How should current employees and leaders begin to prepare for this change? Prepare a change management plan that includes strategies to communicate relevant information to employees

Why the objectives fit the role of health care organization : This assignment will provide information regarding marketable objectives found within the strategic plan for your chosen HCO. Why the objectives fit the role of the health care organization

Implementing significant technology change : Imagine that you are a manager responsible for implementing a significant technology change within an organization. Suggest how most employees are likely to react to the change. Indicate one (1) way in which you would minimize the impact of this reac..

What is the fixed cost : In the short run, capital (studios, gear) is xed at a level of 100. It costs $40 (in thousands) to rent a unit of capital and $10 (in thousands) to hire a unit of labor (actors, stuntmen, camera crew etc.).

Determine the compounds percent composition : Determine the compounds percent composition, as well as its empirical formula - How many ethoxy groups are there in each molecule?

Describe morphological conditioning : Explain (as you might to a classmate who says, "Did you get that?" the distinction Haspelmath and Sims make among phonological conditioning, morphological conditioning, and lexical conditioning. Why do you think it matters

What is the value of prototyping in project : What is the value of prototyping in project

State the hybridization of the nitrogen atoms in urea : State the hybridization of the nitrogen atoms in urea - determine how many of the molecules below are physically possible

User Account

All Pages