Cost parameter, Managerial Economics

A toy manufacturer makes output according to the production function:


where n is the number of workers employed by the firm, O is a technological parameter and g the workers' effort cost parameter. Assume the firm is profit maximizing.

a) Assume  the firm sells its products at a price p and pays its workers a fixed salary w. What is the optimal number of employees the firm should hire?



Posted Date: 3/26/2013 3:16:34 AM | Location : United States

Related Discussions:- Cost parameter, Assignment Help, Ask Question on Cost parameter, Get Answer, Expert's Help, Cost parameter Discussions

Write discussion on Cost parameter
Your posts are moderated
Related Questions
Green Shield Insurance gives NEMO Corporation with coverage for prescriptions, dental work, and extended health services. Every subscriber uses $435 worth of dental services per ye

The only road connecting two populated islands is currently a freeway. During rush hour, there is congestion because of the heavy traffic. The marginal external cost from congestio

explain the supply function and importance of supply analysis in brief

features of monopoly

a) A reduce in supply and an enhance in demand will cause the equilibrium:   b)  Which of the following is most likely to cause a reduce in the present demand for  some product X

Q. Explain about Cardinal utility? A measure of utility or satisfaction derived from consumption of services and goods which can be measured using an absolute scale. Cardinal u

question 1, Managerial Economics

Causes There are a number of explanations of the business cycle but changes in the level of investment seem to be the most likely.  In the simplest Keynesian model an increase

Determine the Application of managerial economics Application of managerial economics isn't restricted to profit-seeking business organisations. Tools of managerial economics

Q. What is Right Angled Isoquant? This presumes zero substitutability of factors of production. There is just one method of producing any one commodity. In this case, isoquant