Amount of labor used in production

Assignment Help Basic Computer Science
Reference no: EM131220360

Suppose you have the following production function: Q=L^25 K^75, where Q is production, L is the amount of labor used in production, K is the amount of capital. The marginal product of labor is mathematically defined as: ?Q/?L. If K is fixed at 16, what is the marginal product of labor for this production function?

Please elaborate on your answer.

Reference no: EM131220360

Questions Cloud

Demand for gasoline in the present : Suppose there is news that indicates gasoline supplies might suddenly become disrupted by a truckers union strike. What you expect would happen to the demand for gasoline in the present?
Analyze and discuss the financial performance of starbucks : Analyze and discuss the financial performance of Starbucks using financial ratios. Include your calculations and amounts in a table in the appendix of your paper. Be sure to show your calculation for each ratio.
Compute the profit margin ratio and return on assets : Consider the following financial information for SMJ Corporation for the year ended March 31, 2014:   Compute the current ratio. Compute the profit margin ratio. Compute Return on Assets
Population mean for random variable : Suppose that a random variable X always takes one of the integer values 1, 2, 3 , 4, or 5. The probability function for X is given by: Pr(Xi) =Xi/15. a. What is the population mean (μ) for this random variable?
Amount of labor used in production : Suppose you have the following production function: Q=L^25 K^75, where Q is production, L is the amount of labor used in production, K is the amount of capital. The marginal product of labor is mathematically defined as: ?Q/?L. If K is fixed at 1..
Calculate the number of conductors per slot : An 8-pole, lap-would armature rotated at 350 rpm is required to generate 260V.-  if the armature has 120 slots, calculate the number of conductors per slot.
Firm profit-maximizing quantity : You are the manager if a firm that faces a demand curve described by P=63-5Q. Total Revenues are, by definition, P* Q. Your costs are C=10+3Q. Your firm's profit-maximizing quantity is?
Effects falling oil and gas prices on the gasoline : (a) Discuss the effects falling oil and gas prices on the gasoline equilibrium quantity and price; and, (b) what price do you expectregular gasoline will be in Pullman WA on October 15, 2015 and on December 15, 2015 and explain why.
Predict annual partnership net income : Bill Beck, Bruce Beck, and Barb Beck formed the BBB Partnership by making capital contributions of $74,700, $290,500, and $464,800, respectively. They predict annual partnership net income of $492,000 and are considering the following alternative pla..

Reviews

Write a Review

Basic Computer Science Questions & Answers

  Explain what is meant by value type

Explain what is meant by value type and reference type objects in C#. Explain the differences, providing an example of each. Write the code for an example of each. Develop examples.

  Explain dictionary based compression

Explain dictionary based compression.

  Assignment-cloud computing slide presentation

Image that you are a member of a development team that is creating a large and important web-based application. This application is critical to the company and must be available 24 hours per day.

  Discuss the impact of the roles on health care organization

Discuss the impact of the roles on the health care organizations. Create a diagram with the career choice as the focal point and identifying the work roles within one of the services or product you identify.

  Display the users gross pay

Write a class that accepts a user's hourly rate of pay and the number of hours worked. Display the user's gross pay, the withholding tax ( 15% of the gross pay), and the net pay (gross pay - withholding). Save as Payroll.java

  Two instance variables

Two instance variables

  Collaborate about this discussion

collaborate about this discussion? I agree that either an external style sheet or embedded style sheet are the best options.

  Technical data and information to the field team

Your task is to design an information system that provides technical data and information to the field team. What types of output and information delivery would you suggest for the system? Why? APA citation

  System of equations using elimination or matrices

1. A company the manufactures aquariums has a fixed cost of  $118,000. It cost $140 to produce each aquarium. The selling price is $360 per aquarium. How many aquariums doe the business need to sell to break even?

  Find a forrward path whose expected length is given

Consider a vehicle routing/shortest path-like problem where a vehicle wants to go on a forward path from an origin node 1 to a destination node t in a graph that has no forward cycles.

  Influence people behavior

Is it possible to study peoples' behavior without influencing it? Give two examples on how you would accomplish this and explain why you think people would not be influenced. If you think it is impossible to not influence people's behavior, explai..

  Determines how the agent would use the system trigger

This example use case determines how the Agent would use the system Trigger: Relationships: Normal Flow of events: Subflows: None Alternate / Exceptional Flows:

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