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!
Koichiro and Sylvia are starting a new high-volume Sushi restaurant, called Robo Sushi in Davis. While Koichiro plans to manage the business himself, he needs to employ some combination of workers and \sushi-bots" (sushi-making robots) to produce the sushi. He estimates his production function as q = 10(L^0.5)K where q is the number of Sushi rolls, L is worker hours and K is sushi-bot hours. Workers cost $10/hour and the amortized cost of sushi-bots is equivalent to $40/hr.
(a) Koichiro wants to produce the maximum number of sushi-rolls possible while spending no more than $3,000/hr. Using the substitution method, what combi-nation of Labor and Sushi-bots should he employ to maximize his output? How many sushi rolls can he make?
(b) Suppose that a surge in lunch-time demand forces Koichiro to increase his output of Sushi quickly. He can only add worker-hours, and does not have time to add sushi-bots. What is his short-run marginal cost of sushi?
Illustrate what price should the owners of blue skies set for engines in order to avoid this problem and maximize overall profits.
Illustrate what is the quantity of burgers demanded in equilibrium.
q1. explain why wage rates might rise at joes quik print shop. if joe replaces his aging copy machines with state of
A sample of human resource executives was asked how their company planned to change their work force over the next 12 months. a categorical response variable showed 3 options: add employees, no change, lay off employees.
When the bookstore announces a 20% price increase in new texts and a 10% increase in used texts for next year, Guojun's father offers him $80 extra.
Call P the unit price of each stamp and find out how many stamps and how many photocopies the firms purchase depending on the value of P.
A tsunami in Japan disrupts the production of Japanese-made cars. What is the impact on the market for new cars.
Suppose that consumers decide to consume less (and therefore to save more) for any given amount of disposable income. Specifically, assume that consumer confidence (c0) falls. What will happen to output.
q. 1 the cost to drive on a freeway is 0 at all times of the day. this cost establishes equilibrium at 3 a.m. however
q1. explain why each of the following statements is true false or uncertain according to economic principles.suppose
How many people are unemployed according to the Burea of Labor Statistics? What is the unemployment rate according to the BLS?
The average cost of production _______ if there are scale economies, and ________ if there are scale diseconomies.
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