Average and marginal products of labour

Assignment Help Macroeconomics
Reference no: EM13903678

Assuming that the firm hires 10 units of capital and 20 units of labour, use the production function given in part a to compute the average and marginal products of labour.

Reference no: EM13903678

Questions Cloud

Fixed cost for maintenance : The anticipated income from the project is $34,000 a year with $14,400 of that amount being variable cost. There is also a fixed cost for maintenance every 2 years (yr 2, yr 4, yr 6) of $10,000. If the company's RRR is 10%, should they purchase th..
Differences between modnernism and postmodernism : differences between modnernism and postmodernism
Leontief production function : Consider the following production function: Q = K L . Explain the special characteristics of this production function. How is it different from a Linear production function? How is it different from a Leontief production function?
What is intellectual property : What paradoxes arise when we attempt to extend a natural right to property into the realm of intellectual property?
Average and marginal products of labour : Assuming that the firm hires 10 units of capital and 20 units of labour, use the production function given in part a to compute the average and marginal products of labour.
Explain the role of the board of trustees and ceo : Explain the role of the Board of Trustees and CEO
What is difference between a trademark and a trade secret : What is the difference between a trademark and a trade secret and What are the relative advantages and disadvantages of patents versus trade secrets?
Primary business of educating students : A private college adds a small café to its building to cater to the needs of its own students. The total cost of the facilities for the café is $100,000. After a year of operations the college determines that operating the café is interfering with..
How does bittorrent provide an order-of-magnitude increase : How does BitTorrent provide an order-of-magnitude increase in downloading speed, compared to Kazaa and Grokster?

Reviews

Write a Review

Macroeconomics Questions & Answers

  Is the company charging the optimal price for the product

Is the company charging the optimal price for the product. Demonstrate how you know.

  Calculate change in producer surplus due to price ceiling

Calculate the change in producer surplus due to the price ceiling - Calculate the change in consumer surplus due to the price ceiling.

  It is mandetary that a rational customer will not purchase

It is mandetary that a rational customer will not purchase any units of the product represented by these data.

  Determine real rate of interest

Short term Treasury bills [3 and 6 month] have current annual rates of interest around 0.5%. Use that info plus your best forecast of inflation to calculate the real rate of interest on those bills.

  Most households supplements their food budget

Most households supplements their food budget by cultivating small vegetable gardens.explain how each of the following migth influence this kind.

  Discuss the harmful effects of both on economic activity

Define inflation, discuss its causes, distinguish between anticipated and unanticipated inflation, and discuss the harmful effects of both on economic activity.

  Explain how economics does apply to this issue by developing

Some people claim the “economic way of thinking” does not apply to issues such as health care.  Explain how economics does apply to this issue by developing a “model” of an individual’s choice

  Why do economists pay more attention to national economies

Discuss the differences between unemployment and underemployment and give examples of each. Include in your contribution the differences between fiscal and monetary policy and how each would be used to reduce high levels of unemployment.

  Branding iron products a specialty steel fabricator

Branding Iron Products a specialty steel fabricator operates a plant in the town of West Star, Texas. The Town has grown rapidly because of recent discoveries of oil and gas in the area. Many of the new residents have expressed concern at the amount ..

  The maintenance price rose per year instead of fixed amount

The maintenance price rose by 6% per year instead of the fixed amount what is the present value of the maintenance costs.

  The tennis star had to forfeit the match due to unsportsman

The tennis star had to forfeit the match due to unsportsmanlike conduct.

  Explain the interaction of households and government

Elucidate how the circular flow diagram also explain the interaction of households, government, and business.

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