Consider production function ql12k2 does this production

Assignment Help Microeconomics
Reference no: EM13387663

Consider the production function Q=L1/2+K2.

a) What is the expression for MRTSL,K given this production function?

b )Does this production function exhibit diminishing marginal product of capital? Explain how you know.

c) Does this production function exhibit diminishing marginal product of labour? Explain how you know

d) Does this production function exhibit diminishing marginal rate of substitution (L for K)? Explain how you know.

Reference no: EM13387663

Questions Cloud

1 how is the income statement of service company different : 1. how is the income statement of a service company different from the income statement of a merchandising company?2.
The discussion board db is part of the core of online : the discussion board db is part of the core of online learning. classroom discussion in an online environment requires
For this payoff table find out transrails optimal decision : transrail is bidding on a project that it figures will cost 400000 to perform. using a 25 markup it will charge 500000
For these assignments youre asked to make a refection paper : for these assignments you are asked to prepare a refection paper. after you have finished the reading assignment for
Consider production function ql12k2 does this production : consider the production function ql12k2.a what is the expression for mrtslk given this production function?b does this
Describe the pros and cons of stock options do you consider : 1 what are some important steps that should be taken when considering the investment potential of a franchise?2 discuss
Understanding supply chain and how the consumer can play a : understanding supply chain and how the consumer can play a critical role in the supply chain is an important part of
Identify what strategic leadership skills are needed for : imagine that you are the entrepreneur who has created a successful new venture. the venture is posed to expand
Find the marginal cost curve for each firm find out the : the chair-making industry currently consists of 90 producers all of whom operate with the identical short-run total

Reviews

Write a Review

Microeconomics Questions & Answers

  Define average and marginal revenue

Which of the following statements is correct? Marginal revenue equals $3, Average revenue equals $600, Average revenue exceeds marginal revenue, but we don%u2019t know by how much.

  Describe likely effects on the total welfare

Describe the likely effects on the total welfare (surplus) of society of the status quo, i.e., do nothing and let the market decide.

  Write the factors that would influence federal reserve in

answer the following in at least 75 words each or more.what are the factors that would influence the federal reserve in

  Tariffs not only reduce the volume of imports

Tariffs not only reduce the volume of imports, they also reduce the volume of exports

  The effect of a drought on the demand curve for umbrellas

How are the following demand curves likely to shift in response to the indicated changes?

  You have been hired as a consultant by your local mayor to

you have been hired as a consultant by your local mayor to look at the various market structures. your role is to

  Draw a graph for the market in equilibrium

Select any industry with which you are familiar. Make a graph of this market in equilibrium. Provide 2-examples for industry of conditions which would change supply and two that would change demand.

  What happens to consumer surplus in market for dvd recoreder

An improvement in technology lowers the cost of production of DVD recorders. Explain what happens to consumer surplus in the market for DVD recorders.

  China current financial account

China's current financial account.

  Jack welch is heralded as a great leader of general

jack welch is heralded as a great leader of general electric ge. his strategy to acquire companies in different lines

  Although new york state is second only to washington state

although new york state is second only to washington state in production of apples its production has been declining

  In a complex assembly operation it is found that the

in a complex assembly operation it is found that the learning curve rate is 70. the standard time of 3 minutes per

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