What is the maximum possible output, Managerial Economics

If the marginal product of L is MPL = 10K - L and the marginal product of K is MPK = 10L - K, then what is the maximum possible output when the total amount that can be spent on K and L is Rs 1000 and the price of K is Rs 5 and the price of L is Rs 5.

 

Posted Date: 4/1/2013 6:17:55 AM | Location : United States







Related Discussions:- What is the maximum possible output, Assignment Help, Ask Question on What is the maximum possible output, Get Answer, Expert's Help, What is the maximum possible output Discussions

Write discussion on What is the maximum possible output
Your posts are moderated
Related Questions
Search Theory and Unemployment   You must understand the search and matching theories of unemployment in  the context of other theories of unemployment. With this objective  in

Is Indian companies running a risk by not giving attention to cost cutting?n..

Explain important terms of marginal productivity and wage inequality Marginal Productivity and Wage Inequality: a. Market power • Compensating Differentials • Dang

FACTORS RESPONSIBLE FOR WAGE DIFFERENTIALS BETWEEN OCCUPATIONS The major cause is demand and supply for the particular labour concerned, but other causes could be: i.

a) The following would most likely shift a production possibilities curve to the right? b) Money should not be considered an economic resource ? c)  Which of the following is

Keynes Theory Keynes views about trade cycle entitled notes on the trade cycle of his classic the general theory of employment interest and money published in 1936. Although K

determinants of price expectation of elasticity

why firms under oligopoly market should follow price rigidity?

The demand for good X is estimated to be:  where p x price of X in dollars M = personal disposable income in trillions of dollars per year P y = price of a competitive in do

Equilibrium Income In this model, aggregate desired expenditure has three components:  Consumption, Investment and Government Expenditure: