Write linus production function

Reference no: EM13689584

Linus sells hot dogs outside the Dakota Dome during tailgating. He needs exactly one hot dog and one bun to create a hot dog he can sell. Assume no condiments.

A) Write Linus production function, using Q for quantity produced, H for hot dogs, and B for buns.

B) Show the relationship that describes how H and B are related at cost-minimizing production points.

C) Write down the equations that describe how much H and B Linus will need to produce various amounts of Q.

Reference no: EM13689584

Questions Cloud

Analyze principles of the 360 degree performance assessment : Analyze the principles of the 360 degree performance assessment and explain how it should be implemented in the organizations - When mentioning any information from any source, mention the source at the beginning of the paragraph or at the end of it.

Why world trade : Explain to your 14 year old sibling and your 90 year old grandfather why the US should promote world trade.

What are the differences between investing : What are the differences between investing $15,000 at 9% p.a. for 15 years when compounded yearly, quarterly, monthly, daily, and continuously? Ignore the effect of leap years.

Productions functions exhibit increasing return of scale : Are the following productions functions exhibit increasing/constant/decreasing return to scale? Given that the wage rate for per unit of labor is $10 and rental rate for unit of capital is $10, according to these functions, are the firms operate in e..

Write linus production function : Linus sells hot dogs outside the Dakota Dome during tailgating. He needs exactly one hot dog and one bun to create a hot dog he can sell. Assume no condiments.

The price of elasticity of demand for broccoli : Normal 0 false false false EN-US X-NONE X-NONE Suppose that before the dro..

What do the indifference curves look like : Assume an economy where both agents see the goods as perfect compliments at a ratio of one to one. What do the indifference curves look like? Assume an equal supply of each good.

Tax in market with substitutes may increase efficiency : Show through a diagram, an example where a second tax in a market with substitutes may increase efficiency. Argue through words why this is an intuitive result.

User Account

All Pages