What is the slope of the isoquant

Assignment Help Business Economics
Reference no: EM13998973

Suppose the production function for T-shirts can be represented as q = L^0.25 K^0.75. When K = 1 and q = 2, what is the slope of the isoquant? If there is insufficient information to answer the question, describe what information is additionally needed.

Reference no: EM13998973

Questions Cloud

How far apart are the neighboring maxima : The slits are separated by a distance of 0.15 mm. How far apart are the neighboring maxima if they are observed on a wall 7.5 m away from the slits?
What is the different between tourist and excursionist : Define tourism. What should be included in the definition of tourism? What is the different between tourist and excursionist?
Analyze the economic theories that are germane : Analyze the economic theories that are germane (relevant) to the provision of health services, and comment on how one or two specific model(s) might explain the framework or context of patient/consumer preference with regard to the health care servic..
Determine the returns to scale-productions exhibit DRS-CRS : Determine the returns to scale, that is, briefly show whether the following productions exhibit DRS, CRS or IRS.
What is the slope of the isoquant : Suppose the production function for T-shirts can be represented as q = L^0.25 K^0.75. When K = 1 and q = 2, what is the slope of the isoquant? If there is insufficient information to answer the question, describe what information is additionally need..
What is the probability of positivity for e histolytic : For 200 children with a test for E. histolytic, 59 had positive result and 151 had negative result. What is the probability of positivity for E. histolytic? Probability of negativity for E. histolytic was
What is the net cost of society of producing : Suppose the demand for paper is given by Qd = 360 – 4p and the industry marginal cost of production is given by Qs = 6p. In addition, the firm’s production imposes an externality with an associated marginal damage (MD) = 2. Please include a graph wit..
Fitzgerald oil and gas incurred costs : What was the depletion for year 1 and year 2?
Proposed project make sense at a discount rate : Suppose Mayor Emanuel proposes a project that will cost $200,000 today, $100,000 next year and 15,000 to dispose of it in ten years when the project is completed. Once finished three years from today, it is expected to generate a net income of 40,000..

Reviews

Write a Review

Business Economics Questions & Answers

  Illustrate what percentages would the price have to decrease

If Price elasticity of demand for restaurant meals is 2.27 and restaurant meals wants to increase slaes by 45% by illustrate what percentages would the price have to decrease to get the intended resualts.

  Report on the mini literature review

The report on the mini literature review (3 journal articles) will be assessed on how well the journal articles are integrated, analysed, discussed and leading to the research questions_that you will use in the interview. A literature review is n..

  Suppose firm has the production function

Suppose a firm has the production function Q = K0.4L0.6. The wage rate is given by w and the rental rate of capital is given by r. Find the firm’s demand functions for K and L. Suppose the firm is currently producing Q = 100 units of output. Suppose ..

  Profit-maximizing price and quantity combination for firm

Suppose a perfectly competitive industry whose demand and supply are characterized by the following demand and supply functions: Qd = 180 − 2P and Qs = 10P. How many units will the representative firm produce? Taking this quantity as the average per ..

  What is the expected value of preventing climate change

The government is contemplating to implement actions to prevent climate change. If no action is taken then climate change will happen with a probability of 20%. There is a probability of 100-20 that there will be no climate change. We will not be abl..

  Decided to reduce consumption and increase investment

Suppose that society decided to reduce consumption and increase investment. How would this change affect economic growth? What groups in society would benefit from this change?

  Activities affects government households

Describe how each of these activities affects government households as well as businesses.

  Evaluate and specify the potential demand

Recognize and evaluate the market structure, degree of competition and the availability of substitutes initially and in the future, locally and globally for the proposed product.

  About partnership agreements

Whenever a partnership agreement is silent on this allocation of profits and losses, profit and losses are divided in the same proportion as capital contributions. Whenever a partnership agreement allocated losses in unequal proportions, but is silen..

  Assuming annual compounding

You have just deposited $1000 in an investment that promises to pay you $100 per year for the next 20 years (starting at the end of this year). What is the effective annual interest rate earned for this investment, assuming annual compounding? As alw..

  What is the profit-maximizing price

A monopoly has two production plants with cost functions C1 = 40 + 0.2Q12 and C2 = 50 + 0.1Q22. The demand it faces is Q = 480 ? 5P. What is the profit-maximizing price?

  Learning and growth and internal business process

ZZ Tire Company started as retail installer of tires on cars 10 years ago. They now have 400 retail stores, installing about 10,000 tires per store per year and selling a total of 4 million tires. 5 years ago, they decided to start manufacturing thei..

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