User Account

All Pages

What is the minimum cost

Assignment Help Business Economics
Reference no: EM133082859

Consider a firm with production function given by ( , )= If the prices of labor and capital are given by the constant vector ( , )=(1,3), what is the minimum cost at which the firm can produce 3 units of output if both capital and labor are variable?

(round to one decimal place if needed)

Reference no: EM133082859

Questions Cloud

Cournot competition with asymmetric costs : Consider Cournot competition with asymmetric costs. Can you draw response curves for which production equilibrium production by firm 1 is so large that firm 2 d
What are economies and diseconomies of scale : What are economies and diseconomies of scale? What does the minimum efficient scale indicates?
Hypothetical price and quantities of economic transactions : Table 1 provides hypothetical price and quantities of economic transactions in a country for 2009 and 2010. Year 2009=100 suggests 2009 is the base year. Carefu
What you learned from the revealed preferences : Please demonstrate with a graph (or graphs) that the following statement is true.
What is the minimum cost : Consider a firm with production function given by ( , )= If the prices of labor and capital are given by the constant vector ( , )=(1,3), what is the minimum co
Evaluate the impact of a policy change : You are hired by the government to evaluate the impact of a policy change that affects one group of individuals but not another.
Audience Profiling and Persona development : Direct and Digital Strategy and Data strategy, Data Protection issues GDPR and e-privacy, marketing research
Tensions between the democracy and empire : What does the Ottoman and Russian experiences tell us about tensions between the democracy and empire?
Does production converge to the nash equilibrium : Consider a model where two firms choose some variable q (firm 1 chooses q 1 and firm 2 chooses q2). Their reaction curves are R1(q2)=12 - 2q2, and R2(q1)=12 - 2

Reviews

Write a Review

Business Economics Questions & Answers

  Single-family residences in massachusetts

You wish to predict the sale price of single-family residences in Massachusetts. You collect price and property features data on each property.

  Socialism and communism as proposed by marx and engels

What are the main differences between socialism and communism as proposed by Marx and Engels?

  Calculate the cross elasticity of demand

Income per year: $60,000 $60,000 $80,000 Movie Ticket Price: $11 $13 $13 Rounds of Golf: Quantity Demanded Quantity Demanded Quantity Demanded Price = $50 15 10 15 Price = $35 25 15 30 Price = $20 40 20 50 a. Using the data under D1 and D2, calculate..

  Processes of value to mankind

Of all natural resources, water is the most essential. It supports vital processes of value to mankind such as food production

  Communicate to its employees about the attack

Based on your understanding about the attacker and the work environment, how might the company ward off future attacks? What information might the company communicate to its employees about the attack?

  Use benefit-cost ratio

The Townsville City Council is considering a proposal by the mayor to construct a recreational facility at a cost of $1.0 million. The facility is expected to have a useful life of 30 years during which operating costs are expected to average $100,00..

  Use the information on newell rubbermaid shown here to

use the information on newell rubbermaid shown here to answer the questions below. show work.current stock price

  Economic problem of scarcity

Explain using a production possiblity curve (PPC) diagram, the economic problem of scarcity, choice and opportunity cost.

  Elucidate how these tendencies lead to religion becoming

Elucidate how these tendencies lead to religion becoming evil, how does Kimball respond to them and how the Greek Orthodox tradition transcends them.

  Impact on overall GDP of a decrease in the money supply

Draw the 3 graphs required to show the impact on overall GDP of a decrease in the money supply. Also carefully explain, in your own words, the relationships between the graphs, the process of adjustment, and the overall impact of the money supply dec..

  Source of profit

Which of the following in NOT a source of profit?

  Analyze graphically the ad-as model

Analyze graphically the AD-AS model, the Keynesian cross, and the IS-LM model. Identify all relevant curves and causes for shifts in the curves. Explain the evolution of the monetarist and new classical theories.

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