Calculate the returns to scale and marginal productivity

Assignment Help Business Economics
Reference no: EM13999774

Calculate the returns to scale, marginal productivity, and state which of the functions defines a convex feasible region over their entire usage?

==> w(x,y,z) = x+(2y^4)-(y^2)(z^2)/3

==> z(x,y) = 5x + 3xy -4y - 2y^2

Reference no: EM13999774

Questions Cloud

Produce after-tax cash flows : Zappe Airlines is considering two alternative planes. Plane A has an expected life of 5 years, will cost $100 million, and will produce after-tax cash flows of $30 million per year. Plane B has a life of 10 years, will cost $132 million, and will ..
Trade flows between european union and major trading partner : Discuss an overview of Slovenia's international trade flows between the European Union (EU) and its major trading partners. Potential gains from specialization and international trade among Romania, Portugal, and Slovenia. Include opportunity cost di..
Evaluate a policy aimed at limitingthe use of a pesticide : Suppose you are using risk-benefit analysis to evaluate a policy aimed at limitingthe use of a pesticide applied to grain crops. Describe the risks and benefits that would have to be estimated to conduct this analysis properly.
Determine the dollar net cash : Use an Excel spreadsheet to determine the dollar net cash ?ows (after making the debt payment) that you would receive at the end of each of the last 7 years if you partially ?nanced the project by bor- rowing dollars.
Calculate the returns to scale and marginal productivity : Calculate the returns to scale, marginal productivity, and state which of the functions defines a convex feasible region over their entire usage?
How to improve their current marketing and sales management : Select a sales organization within your community and schedule an interview with their marketing manager (the interview can be done by phone or in person)
Calculate the total benefit to society of the optimal : A society has two people: 1 and 2. Person 1's true demand (marginal benefit) for a public good is given by P= 60 - 2G and 2's true demand is given by P = 120 -G. the total cost of providing G is TC = G^2. Calculate the total (net) benefit to society ..
What is the average net force exerted on the ball : A high speed movie film determines that the racket and ball are in contact for 0.05 seconds. What is the average net force exerted on the ball by the racket?
Should consumer decisions concerning loans be regulated : Should financial institutions be prevented from becoming too big to fail? What criteria should be followed in making such judgments? 2. Should consumer decisions concerning loans be regulated? 3. Should governments use public money to bail out failin..

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd