production theory and analysis, Managerial Economics

The production function is
Q= 20 K0.5 L0.5
Question:
For the production function Q= 20 K0.5 L0.5 determine four combinations of capital and labor that will produce 100 and 200 units of output.
Plot these points on a graph and use them to sketch the 100- and 200-unit isoquants.
Posted Date: 12/5/2012 1:45:16 AM | Location :







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

Write discussion on production theory and analysis
Your posts are moderated
Related Questions
What is Demand theory: Demand theory relates to the study of consumer behaviour. It addresses questions like what incites a consumer to buy a particular product, why do consume

Short-Term Policies Deflation is a policy of reducing expenditure with the intention of curing a deficit by reducing the demand for imports.  This reduction of expenditure m

SHORT RUN EQUILIBRIUM OF THE FIRM A firm is in equilibrium when it is maximizing its profits, and can't make bigger profits by altering the price and output level for its prod

Write on one theory of profit. Profit as rent of ability: one of the most widely known theories of profit was propounded by F.A. Walker. According to him profit is the rent of is t

Features of this system The mixed economy includes elements of both market and planned economies.  The government operates and controls the public sector, which typically cons

Weapons of Conflict The trade unions and the employers (or their associations) have many ways of enforcing their demands on each other.   They include: Strikes:  The stri

Determine a Specific Price of demand of product A proclamation concerning the demand of a product without mentioning its price is worthless. For instance, to state that demand

The gap between theory and practise and the role of managerial economics: We have noted above that application of theories to the process of business decision making contributes a

What is Demand theory Demand theory demonstrates the relationship between demand for services andgoods. Demand theory is the building block of demand curve- a curve which estab

Price Elasticity of Demand Is the responsiveness of the quantity demanded to changes in price; its co-efficient is Pe d    =  Proportionate change in quantity demanded