Find the optimal capital and labor inputs

Assignment Help Business Economics

Reference no: EM13732452

Find the optimal capital and labor inputs given the production function f (k, l) = ak + bl and that the output price is given by p, the rental price of capital is r and w is the wage.

Reference no: EM13732452

Questions Cloud

Determine whether or not the price change : Discuss one (1) recent price change that you have noticed while visiting your local supermarket. Determine whether or not the price change that you identified was a result of a change in either supply or demand.

Delivering competent consulting advice : According to Block, every consulting project, regardless of size, must go through five phases. Why is that so important?

Brief description of the ad and who is the target market : brief description of the ad and Who is the target market, Are they selling or marketing (orboth)? (How do you know/what evidence do you have

Discuss the military campaigns and battles of zachery taylor : Discuss the military campaigns and battles of Zachery Taylor in the Mexican war. How would you rate him as a commander? What impact did the war have on Taylors career?

Find the optimal capital and labor inputs : Find the optimal capital and labor inputs given the production function f (k, l) = ak + bl and that the output price is given by p, the rental price of capital is r and w is the wage.

Nations currency depreciates when the economy is operating : According to the absorption approach, does it make any difference whether a nation's currency depreciates when the economy is operating in less than full capacity versus a full capacity?

Create a posoitioning statement for iphone 6 : Create a posoitioning statement for iphone 6 and provide justification for the new positioning strategy

Diminishing marginal rate of technical substitution : What assumption along with diminishing marginal product implies diminishing marginal rate of technical substitution?

Misleading measure of economic performance : A student has not yet graduated from school but is looking for a job. Is the student considered to be in the labor force? Why or why not? In what ways is GDP a misleading measure of economic performance? Is real GDP per person a sufficient measure of..

User Account

All Pages