Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Second Problem General Monsters Corporation has two plants for producing juggernauts, one in Flint and one in Inkster. The Flint plant produces according to fF (x1, x2) = min{x1, 2x2} and the Inkster plant produces according to fI (x1, x2) = min{2x1, x2}, where x1 and x2 are the inputs. 1. On a graph, use blue ink to draw the isoquant for 40 juggernauts at the Flint plant. Use red ink to draw the isoquant for producing 40 juggernauts at the Inkster plant. 2. Suppose that the firm wishes to produce 20 juggernauts at each plant. How much of each input will the firm need to produce 20 juggernauts at the Flint plant? How much of each input will the firm need to produce 20 juggernauts at the Inkster plant? Label with an a on the graph, the point representing the total amount of each of the two inputs that the firm needs to produce a total of 40 juggernauts, 20 at the Flint plant and 20 at the Inkster plant. 3. Label with a b on your graph the point that shows how much of each of the two inputs is needed in total if the firm is to produce 10 juggernauts in the Flint plant and 30 juggernauts in the Inkster plant. Label with a c the point that shows how much of each of the two inputs that the firm needs in total if it is to produce 30 juggernauts in the Flint plant and 10 juggernauts in the Inkster plant. Use a black pen to draw the firm’s isoquant for producing 40 units of output if it can split production in any manner between the two plants. Is the technology available to this firm convex?
Which of the following is not a necessary precondition for economic growth?
q.you are the ceo of a new line of clothing. one of the items you manufacture is in high demand for youths 12-17 are
The country of origin can influence a consumer’s perception of the quality of the product. What can a company do to overcome a negative attitude about the product’s country of origin?
The water is identical in the two sizes and John gets no utility from the containers themselves, only from the water.
Newspaper reports frequently suggest that the administration (regardless of who is president) wants the fed to lower interest rates. Why do you think that might be the case?
A natural monopolist has a cost structure C(q) = 400 + 25q and faces market demand D(p) = 200 - 2p. Solve for the monopolist's profit, output, and consumer surplus when price is set to average cost.
In the United States we have a only few laws for the states to obey. Therefore, in contrast to the federal budget, the budgets of the individual states-------
Utility is given as: U(x, y) = x^1/2y^1/2. Graph a typical indifference curve for this function. (Hint: Choose a level of utility and draw various combinations of x, y that result in that level. What is the marginal rate of substitution (MRS) for thi..
Major factors in the system of American government are the political parties and their roles and functions within the system. In a minimum of three well-written paragraphs, discuss the roles and functions/purpose of the political parties as they curr..
Describe the difference in economic profit between a competitive and a monopolistic in both the short and long run. Which should take longer to reach the long-run equilibrium?
Ethnocentrism is generally defined as viewing one's own culture as superior to all others. However, quite often, it is not quite that obvious. Whenever we encounter something that seems strange or different, we will feel some degree of discomfort. Ho..
A monopsonist’s demand for labor can be written as VMPE = 40 – 0.004ED. Labor is supplied to the firm according to w = 5 + 0.01ES. Thus, the firm’s marginal cost of hiring workers when it hires off of this supply schedule is MCE = 5 + 0.02ES. (a) How..
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd