Fruit-picking can be done by children or adults

Assignment Help Business Economics
Reference no: EM1319532

Q. Assume to fruit-picking can be done by children or adults, but to adults are twice as efficient as children (they pick twice as fast). The production function for fruit picking is thus

Q = 10 x (2LA + Lc)

where output is measured in bushels of apples, labour measured in days, LA is the number of days of adult labour also Lc is the number of days of child labour.

a) Depict the isoquant for a typical orchard (in terms of fruit-picking)

 

Reference no: EM1319532

Questions Cloud

Valid probability distribution : Find the value of k that makes f(x; y) a valid probability distribution.
Politicians using polling data emphasize issues : When politicians using polling data emphasize issues to polls have given more importance than necessary they have fallen
Difference in proportion using level of significance : Using 5% level of significance, is there any difference in proportion of guests who would select the two resorts? What is your conclusion?
Explanation of translation methodology used by coca-cola : Which translation methodology or methodologies does Coca-Cola use? What information provided helped you draw a conclusion (if you did draw a conclusion)? Explain how Coca-Cola could use the translation methodology that it does and still have excha..
Fruit-picking can be done by children or adults : Assume to fruit-picking can be done by children or adults, but to adults are twice as efficient as children
Probability through discrete probability distribution : What is the probability of flipping a coin 6 times and getting 4 or more heads?
Decision regarding observed and expected frequencies : What is our decision regarding differences between observed and expected frequencies if critical value of chi-square is 9.488 and computed value is 6.079.
Case study of danforth corporation : The Danforth corporation circuit production plant has a 12,000 unit capacity and currently produces 10,000 circuits per year.
Probability through poisson distribution : Determine the probability that between 5 and 10 minutes will pass between successive occurrences.

Reviews

Write a Review

Business Economics Questions & Answers

  Economics analysis of that liability standard

Give an economics analysis of that liability standard for product-related harms.

  Some considerations to remember

What does it mean when asked; what are some considerations to remember given the different roles and people in the audience.

  Marginal utility of the last bottle of soft

Assume Caesar allocates his entire budget to the purchase of chips as well as soft drinks.

  Percentage change in nominal gdp

Calculate the percentage change in nominal GDP, real GDP also the GDP deflator in 2002 also 2003 from the preceding year.

  Similar time employment is falling

Explain how is it possible which output rises while at the similar time employment is falling.

  Austria has a history of strong hostility

Austria has a history of strong hostility to nuclear power, and over the last twenty years the Austrians have shut down all of the reactors in Austria

  Worlds largest economies and policymakers

The economys business cycles are not well synchronized with any of the world's largest economies and policymakers.

  How much will tax revenue rise

What percent of the tax is borne by buyers. If income rises to $40,000, how much will tax revenue rise.

  Checking with government economist

Elucidate however, in checking with government economists, Hanna finds that every capita disposable income is expected to rise.

  Percentage gap between the steady-state ratio

Use the 2007 numbers in the first column to compute, for each of the four countries, the percentage gap between the steady-state ratio.

  Key things which make your matter interesting

Describe your matter, with a brief summary of the key things which make your matter interesting. Illustrate what are the key positive also normative questions surrounding your matter.

  Assume some pencil workers switch to jobs

Assume some pencil workers switch to jobs in the growing computer industry

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