Reference no: EM13155559
1. The following Cobb-Douglas production function is used to describe the output generated by a local government maintenance agency.
Q = αLβ1Kβ2Eβ3
Where L represents number of worker hours, K represents number of trucks used, and E represents energy used. Statistical estimated generated the following values for α, β1, β2, and β3.
Α = 0.01; β1 = 0.5, β2 = 0.4, and β3 = 0.2
a. What are the production elasticities of demand for labor, capital (trucks) and energy?
b. If worker hours (labor) are increased by 10% next year, how much will output (Q) increase?
c. If the number of trucks (K) decreases by 10% next year, how much will output (Q) decrease?
d. What type of returns to scale is consistent with the above production function?
What''s the volume of pure hydrogen present in a sample
: What's the volume of pure hydrogen present in a sample of 55.0 mL of gas saturated with water vapour at 27 °C, if the total pressure is 104.8 kPa?
|
Marketing managers recommendation
: The marketing manager has recommended that the selling price be increased by 25%, with an expected decrease of only 11% in unit sales. What would be the company's net operating income if the marketing manager's recommendation is adopted?
|
Top five mergers and acquisitions
: Determine the top five mergers and acquisitions (M&A) for the current year up to the date of this assignment. Provide a list including the name of the acquirer, the target, the value of the deal, and the type of reorganization involved.
|
What are the chemical journey of a carbon atom
: what are the chemical journey's of a carbon atom from carbon dioxide in the air and a hydrogen atom from a water molecule that have entered a plant cell and what are their chemical journeys as they are involved in in the process of photosynthesis ..
|
What type of returns to scale is consistent
: If the number of trucks (K) decreases by 10% next year, how much will output (Q) decrease? What type of returns to scale is consistent with the above production function?
|
To carry out a validation study
: To carry out a validation study, an I/O psychologist is developing a regression equation from data collected from those hired two years ago
|
Essay about jazz for my intro to jazz class
: I am writing an informative essay about jazz for my intro to jazz class... can someone give me some topic ideas? i'd like to pick a style to write about. which one should i write about? there are so many!
|
Find expected value of number of tests taken
: Use the relative frequency approach to construct a probability distribution and show that it satisfies the required condition. Find the expected value of the number of tests taken.
|
Standard deduction option for the year
: Mel is not quite sure whether an expenditure he made is a deduction for AGI or a deduction from AGI. Since he plans to choose the standard deduction option for the year, does the distinction matter? Explain.
|