production function, Microeconomics

firm''s product sells for Rs.200 per unit in a highly competitive market. The firm produces output using capital (which it rents at Rs.7500 per hour) and labor (which is paid a wage of Rs.1500 per hour under a contract for 20 hours of labor services). Complete the following table
Posted Date: 4/19/2012 2:37:02 AM | Location : United States







Related Discussions:- production function, Assignment Help, Ask Question on production function, Get Answer, Expert's Help, production function Discussions

Write discussion on production function
Your posts are moderated
Related Questions
The Money Creation Process is explained below: We can now study the money supply or the creation process. Suppose the government wishes to buy pencils worth Rs. 10 for the offi

Product Markets: Markets where produced services and goods are bought and sold (distinguished from markets for factors of production). Production: Process by which human labour

There are different reasons for state trading. Important reasons are given below. (i) State may directly buy the goods required by the various government departments and agencie

1) What are the most important challenges that economists try to address? (2) What is the role of government in a market based economy?  (3) Who are the main economic players

relationship between total utilities and marginal utilities

when average product is decreasing, marginal product is?

what do you understand by production posibility curve?

cars:0,2,4,6,8 tow truck:30,27,21,12,0

Use a PPF to explain the trade-offs that all economies face. All countries must construct some sort of system whereby output, allocation and distribution of goods is decided.