User Account

All Pages

Determine range of outputs over firms technology

Assignment Help Econometrics
Reference no: EM13188673

The following data are available for output (Q) and Long Run Total Cost (LTC) for a firm. Using appropriate calculations determine the range of outputs over which the firm's technology exhibits Increasing, Decreasing or Constant Returns to Scale.

Q LTC
1 33
2 54
3 75
4 100
5 150
6 228
7 350

Reference no: EM13188673

Questions Cloud

Find the average age : the standard deviation of age of passenger train cars is 2 yrs. if the distribution of ages is normal and 10% of the cars are older than 10 years, find the average age.
Find the probability that the site gets 10 or more hits : Hits on a personal web site occur quite infrequently. They occur randomly and independently with an average of five per week.
Domestication of plants and animals burial procedures : I have to write an archaeology essay on both the domestication of plants and animals as well as burial procedures in the old world.
How can a transformational experience influence : How can a transformational experience influence you as a leader and manager and what skills can you acquire from a transformational experience or critical incident?
Determine range of outputs over firms technology : The following data are available for output (Q) and Long Run Total Cost (LTC) for a firm. Using appropriate calculations determine the range of outputs over which the firm's technology exhibits Increasing, Decreasing or Constant Returns to Scale.
Calculate the single equivalent discount rate : What steps are used to calculate the single equivalent discount rate? Is this rate taken off the list price or the net price? Based on your experience and the ideas you learned in this week's lecture, explain why the calculation of a single equiva..
Determine the percent of female veterinarians in private : Of the 58200 verterinarians in private practice in the u.s. approximately 27354 are female. Determine the percent of female veterinarians in private practice in the u.s.
Oral traditions of indigenous religions : Explain the advantages or disadvantages that oral traditions of indigenous religions (such as the tale Descendants of the Eagle," originally an oral tradition) may have over written scriptures of other religions.
Use implicit differentiation to find the slope : Use implicit differentiation to find the slope of the tangent line to the curve [y}/{x - 4 y} = x^{3} - 5 at the point ( 1, {-4}/{-15} ). Find m=?

Reviews

Write a Review

Econometrics Questions & Answers

  What kind of returns-to-scale does the firm experience

After a careful study, a firm has estimated its production function as follows: ln Q = 0.375 ln K + 0.625 ln L, where Q = units of output, K = units of fixed factors and L = units of variable factors. What kind of returns-to-scale does the firm e..

  By how much has the money supply increased

Prepare a two- to three-page analysis by answering the questions below. Be sure to cite your references using APA format. Assume that the Bank of Ecoville has the following balance sheet and the Fed has a 10% reserve requirement in place: BALANCE SHE..

  What are the equilibrium price and quantity

What are the equilibrium price and quantity e. What happens to equilibrium price and quantity if other things remain the same as in part d but income increases to $52,000 f. What happens to equilibrium price and quantity if other things remain the ..

  Determining equilibrium price and quantity

Compared to last year, more television sets are being bought while the selling price has fallen. This could have caused by:

  Determine denniss monthly budget line

Dennis is only interested in two things, eating food and playing the online multiplayer game Globe of Gratuitous Violence (GoGV) - a close competitor to world of warcraft. Dennis's utility is given by the function U(qf,qg) = 0.25ln(qf) + 0.75ln(qg..

  Derive the expression for marginal rate of substitution

How much of each good will he demand in this case? (The price of x1 is 3$ but his income has decreased)D) Calculate utilities obtained by bundles without tax and with income tax. Draw Jack's best bundles in a graph. (Budget curves, best bundles an..

  Determining greatest present value

Suppose that you have just been employed as a consultant to help a company decide which of 3-options to take to maximize the value of the company over the next three years.

  How many cupcakes does regis get from his purchase

Regis hungry for a snack. Here is the value he places on a cupcake: Value of first cupcake 5dollars Value of second cupcake 4dollars Value of third cupcake 3dollars Value of fourth cupcake 2dollars From this schedule, derive regi's demand schedule. G..

  Determine the new equilibrium aggregate price level

Draw a money market diagram and determine the shift of the money supply curve due to an open-market operation; determine if the equilibrium interest rate rises or falls. Also be able to determine what happens to investment spending and consumption..

  What is economics system

What is economics system? What are the types of economics system? Briefly explain each type of economics system by giving examples of nations that are close to each type

  Determine the profit-maximizing amounts of electricity

Q1 kilowatts are produced at facility 1, and Q2 kilowatts are produced at facility 2 (so Q = Q1 + Q2). The costs of producing electricity at each facility are given by C1(Q1) = 8,000 + 6Q12and C2(Q2) = 6,000 + 3Q22, respectively. Determine the pro..

  Determine the present value of the stream of accounting

An owner can lease her building for $100,000 per year for three years. The explicit cost of maintaining the building is $35,000, and the implicit cost is $50,000. All revenues are received, and costs are borne, at the end of each year. If the inte..

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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