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
not that long ago we experienced the excitement of thinking we would have cheaper online books and free music. these visions that we had of a free market utopia that blinded us to

2. Suppose the price of printing paper for digital cameras has recently risen by 10 percent due to an increase in the cost of materials used in the finish for the paper. As a resu

what are the advantages of a monopsonistic labour market

optimal contracts under symmetric information

can average labor productivity fall even though total output is rising

Problem: i) The  inverse market demand curve for a Stackelberg leader and follower is given by  P = 10  - Q. If each has  a marginal cost of $4, what will be the equilibrium qu


Labour Extraction: Most employees under capitalism are paid according to time they spend at work. Though employers then face a challenge to extract genuine labour effort from their

Point Elasticity: Point elasticity is brought in use when the change in price is quite small, which means. The two points between which elasticity is being measured or calculat