Customer Service Chat
Get quote & make Payment
Production function, Microeconomics
Your firms production function : Q=4K^1/2L^1/2
Suppose that the price of labor is $5 and the price of capital is $20. Your firm desires to produce 200 units of output. How much labor will be hired to minimize the costs of producing 200 units of output?
Posted Date: 11/5/2012 2:47:48 PM | Location : United States
Ask an Expert
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
Write your message here..
Marginal rate of technical substitution and productivity, MRTS and Marginal...
MRTS and Marginal Productivity The change in output from change in labor equals: The change in output from change in capital equals
Compensated demand curve, how does compensated demand curve help managers?
how does compensated demand curve help managers?
PRODUCTION, WHAT IS A PRODUCTION FUNCTION SCHEDULE?
WHAT IS A PRODUCTION FUNCTION SCHEDULE?
What is endogenous growth theory, Problem 1: Any development strategy s...
Problem 1: Any development strategy should put people first; indeed, its very effectiveness should be measured in terms of how it impacts the poor. (a) Describe the link bet
Price mechanism, 1.what is price mechanism? 2.how does price mechanism bene...
1.what is price mechanism? 2.how does price mechanism benefit an echonomy. 3.what are the characteristics of a centrally planned economy?
Privatisation of the economy:, Privatisation of the Economy: Privatisa...
Privatisation of the Economy: Privatisation has to be viewed in two ways: In a narrow sense, it implies the induction of private ownership in a public sector undertaking. In a
Explain about social-democracy, Q. Explain about Social-Democracy? Soci...
Q. Explain about Social-Democracy? Social-Democracy:It's a reformist political strategy that aims to win certain improvements in social and economic conditions under capitalism
Managerial theories of firm., Implications of Williams model of managerial ...
Implications of Williams model of managerial discretion in Nepalese industries
Visit to village panchayat for agriculture based project., any village panc...
any village panchayat in west bengal and get information for doing a project.
Hi, I have an assignment need to be done
I have an assignment need to be done
Accounting Assignment Help
Economics Assignment Help
Finance Assignment Help
Statistics Assignment Help
Physics Assignment Help
Chemistry Assignment Help
Math Assignment Help
Biology Assignment Help
English Assignment Help
Management Assignment Help
Engineering Assignment Help
Programming Assignment Help
Computer Science Assignment Help
Why Us ?
~24x7 hrs Support
~Quality of Work
~Time on Delivery
~Privacy of Work
Human Resource Management
Literature Review Writing Help
Terms & Conditions
Copyright by ExpertsMind IT Educational Pvt. Ltd.