What is the long-run total cost curve

Reference no: EM133629385

1. Suppose the firm's production function is q = LK ^(1/2 ). w = $10 and r = $20.
a. What is the long-run total cost curve?
b. What is the short-run total cost curve if capital is fixed at ¯K?

Reference no: EM133629385

Questions Cloud

Explain which qualitative research design approach : Explain which qualitative research design approach that you selected to address this topic or issue and describe the method you chose. Be specific.

Most of the large u. s. corporations do plenty : Most of the large U. S. corporations do plenty of international business for me to consider myself adequately exposed internationally

Reflect on the importance of setting an aim statement : Reflect on the importance of setting an Aim statement as it relates to improvement projects. Provide an example of why measurement is important in the implement

Identify an issue or opportunity for change : Identify an issue or opportunity for change within your healthcare organization and propose an idea for a change in practice supported by an EBP approach.

What is the long-run total cost curve : What is the long-run total cost curve and What is the short-run total cost curve if capital is fixed

Why it is as critical to fund infectious disease preparednes : Describe why it is as critical to fund infectious disease preparedness and response efforts as it is to combat things like obesity and the opioid epidemic.

Impact of an easing of global supply disruptions : impact of an easing of global supply disruptions on the equilibrium in the market for goods. Clearly show any changes to either demand or supply, and clearly

What happens to the quantity of ice bought : what happens to the quantity of ice bought and sold if price-gouging laws are enforced compared with when prices are allowed to rise. Speculate on why people

How does your worldview of human value affect your beliefs : How does your worldview of human value affect your beliefs about bioethical issues, such as abortion, designer babies, and stem cell research?

User Account

All Pages