Discuss and reconcile the abore specification

Assignment Help Business Economics
Reference no: EM13743126

The short-run production function is specified as follows: Q=F(K,L) but in reality they should be specified as: Q=F(K,L)

1- Discuss and reconcile the abore specification?

(Please note that: the first function there is a _ over k letter while the second function does not have

Reference no: EM13743126

Questions Cloud

Why does the government use these tools of fiscal policy : Think of ways in which the Government is actively involved with the purpose of changing the economy. Why does the Government use these tools of fiscal policy? What are the hoped for results? Do you agree the Government should be involved? Why or why ..
Write a research paper on african american history : Write a research paper on African American History. With a complete annotated bibliography on any aspect of one of the main or subtopics identified in your syllabus
Submit the midterm exam to the drop box : 1. You have made the decision to pursue higher education. Describe the economist's view of how a decision like that is made. Using marginal analysis, make sure you evaluate the "rationality" of the decision and explain why the following statement is ..
Long run price elasticity of demand for gasoline : Suppose the long run price elasticity of demand for gasoline is -.60. Assume that the price of gasoline is currently $4.00 per gallon, the quantity of gasoline is 140 billion per year, and the federal government decides to increase the excise tax on ..
Discuss and reconcile the abore specification : The short-run production function is specified as follows: Q=F(K,L) but in reality they should be specified as: Q=F(K,L). Discuss and reconcile the abore specification?
Calculate the four-firm concentration ratio : An industry consists of three firms with sales of $310,000, $725,000, and $405,000. Calculate the Herfindahl-Hirschman index (HHI). Calculate the four-firm concentration ratio (C4).
Effects of ph on radish seed germination : Effects of pH on Radish Seed Germination-Natural soil pH depends on the parent rock material from which it was formed and processes like climate. Soil pH is a measure of the acidity or alkalinity of the soil
Food and clothing represented by the utility function : A country is populated with workers who produce either food (F) or clothing (C). There are 200 workers producing food and 100 producing clothing. These numbers are Öxed for now. Each food worker produces 6 units of food and each clothing worker produ..
Difficulty of defining and using the user cost of capital : Explain the difficulty of defining and using the user cost of capital and discuss the value in making decisions based on it, rather than accounting expense data. Present how to make the most economical downsizing decisions. Include the mix of capital..

Reviews

Write a Review

Business Economics Questions & Answers

  Illustrate what role did the policies of various governments

Illustrate what role did the policies of various governments play in influencing the international expansion strategies of both McDonald's also Wal-Mart.

  What do you think can be done to rectify these failures

Why is a market economy susceptible to coordination failures that can lead to unemployment and inflation? What do you think can be done to rectify these failures?

  How would you value goodwill that is obtained in this way

Sometimes, a bidder on a work contract may bid lower than what would maximize his/her profit from the contract and the reason for that is to create goodwill. How would you value the goodwill that is obtained in this way?

  The us cigarette industry has negotiated with congress and

the u.s. cigarette industry has negotiated with congress and government agencies to settle liability claims against it.

  Marginal rate of substitution

What is the marginal rate of substitution (MRS) and why does it diminish as the consumer substitute's one product for another. Use examples to illustrate.

  How coldwell banker can produce the same output

Elucidate how Coldwell Banker can produce the same output at a lower total cost

  Supply and demand functions for two markets

Below are the supply and demand functions for two markets. One of the markets is for BMW automobiles, and the other is for a cancer-fighting drug, without which lung cancer patients will die. Briefly explain which diagram most likely represents which..

  Compute the equilibrium level of income

Compute the equilibrium level of income. Sketch this equilibrium position using a two-dimensional graph.

  A if you deposit 10000 in a bank account that pays 10

a if you deposit 10000 in a bank account that pays 10 interest annually how much will be in your account after 5

  How will globalization impact our economy in both short run

How will globalization impact our economy in both short run and the long run? State your arguments "for" and "against" globalization and finally summarize your view on globalization.

  Marketing division sell its product.

What is the optimal transfer price for the basic plastic item . At what price should the marketing division sell its product.

  Qessay questions make sure you thoroughly answer all parts

q.essay questions make sure you thoroughly answer all parts of each question format requirements will be enforced.1.

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