User Account

All Pages

short run, Microeconomics

Assignment Help:
A film studio in Hollywood produces movies according to the function
q = F(K;L) = (2=100)K^0.5L^0.5
In the short run, capital (studios, gear) is xed at a level of 100. It costs $40 (in thousands) to
rent a unit of capital and $10 (in thousands) to hire a unit of labor (actors, stuntmen, camera crew
etc.).
What is the fi xed cost? What is the variable cost as a function of output q?
(b) What is the marginal cost (MC) and the average cost (AC) of a movie? What is the average
variable cost and average fixed cost?

Related Discussions:- short run

Elasticity, not that long ago we experienced the excitement of thinking we ...

not that long ago we experienced the excitement of thinking we would have cheaper online books and free music. these visions that we had of a free market utopia that blinded us to

Mundell-Fleming Models, Assignment Help

Assignment Help

Pure monopoly, advantage dis advantage of pure monopoly

advantage dis advantage of pure monopoly

OLIGOPLOLY MODELS, GIVE EXAMPLES OF EACH OLIGOPOLY MODELS FROM REAL LIFE

GIVE EXAMPLES OF EACH OLIGOPOLY MODELS FROM REAL LIFE

Externalities, What are corrective taxes? Why do economists prefer them to ...

What are corrective taxes? Why do economists prefer them to regulations as a way to protect the environment from pollution. Discuss

Indifference curve, What is indifference curve and its properties?

What is indifference curve and its properties?

Production function curve, different types of production funtion and curve ...

different types of production funtion and curve given by different economist

Explain term Markets , A market is nothing more or less than the locus of e...

A market is nothing more or less than the locus of exchange, it is not of necessity a place, but easily buyers and sellers coming together for transactions.   Transactions happen

International economics, alternative theories of trade

alternative theories of trade

Why is the concept of scarcity relevant to both ldc and mdc, Why is the con...

Why is the concept of scarcity relevant to both LDC s and MDC s? All societies throughout time have wrestled with the basic economic conundrum of having needs that cannot be me

Write Your Message!

Captcha
Order Assignment

Featured Services

Order Now

Popular Subjects

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd