production function, Business Economics

Assignment Help:
Suppose a firm’s budget were large enough to employ 100 units of either labor or capital, the
cost of a unit of labor being the same as a unit of capital. The production function is X = KL .
Given that output must be at least 20, what is the maximum number of people the firm could
employ?

Related Discussions:- production function

Analyse the transmission mechanism, Question: (a) State whether the fol...

Question: (a) State whether the following statements are TRUE or FALSE. Justify briefly your answer. (i) Money is the most liquid medium to store value. (ii) An increa

Standard deviation of the sample of interest rates, The following data show...

The following data show the interest rates on 4 randomly chosen personal loans (in percents): 6.1, 5.7, 11.1, 9. Calculate the standard deviation of the sample of interest rates. (

What are problems of the sustainability in economic growth, What are the pr...

What are the problems of the sustainability in economic growth? Sustainability Problem in Economic Growth: Recent economic growth makes threats the future quality of life. S

BIA Plan, Select an organization and discuss what type of information shoul...

Select an organization and discuss what type of information should be protected in a BIA plan. How would you ensure protection of the confidentiality of such information and preven

Type of project management require to deliver to volunteer, What kind of pr...

What kind of project management would you require to deliver to have people volunteer to work on your projects? The leadership challenge is to suppose that everyone working ont

Calculate the npv and irr, You are evaluating a project in the country of E...

You are evaluating a project in the country of Expropriationstan. You estimate end-of-year cash flows as follows. Assume your discount rate for evaluating projects of this sort in

Limitations of pareto-optimal conditions as a measurement of, limitations o...

limitations of pareto-optimal conditions as a measurement of welfare

What is sampling, Sampling and tests of significance are very important too...

Sampling and tests of significance are very important tools in business economics. In fact one cannot do any meaningful marketing research without the requisite knowledge of sampli

What is the monterrey consensus, What is the Monterrey Consensus? The ...

What is the Monterrey Consensus? The World Bank estimates aid should increase by $50bn to resource the main aim of the Millennium Development Goals: containing the number of p

Managerial economics, Managerial economics is the discipline which deals wi...

Managerial economics is the discipline which deals with application of "economic theory to business management" Discuss

Write Your Message!

Captcha
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