Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Production in the long-run
Suppose the production function of a typical producer is given as where l is labor and k is capital. The factor prices are w = $1 and r = $48 for labor and capital respectively.
Q = K1/2l1/3
(a) Does this production function exhibit constant, increasing, or decreasing returns to scale? Explain.
(b) Find the marginal product of each factor and the marginal rate of technical substitution.
(c) What is the Örmís optimal long run choice of factors if it is to produce a target level of output at f(l; k) = 32?
(d) What is the minimum cost of producing 32 units of output in the long run?
Economics is profitable for a firm to continue employing additional resources?
questionone particularly difficult aspect of analyzing the likely effectiveness of a new benefits program lies in
The industrialization period of the late 1800's saw several new forms of energy developed, including 1. more effective use of humans and animals to power machinery using treadmills.
The variables in the model with particular attention paid to whether consumer spending will increase, job growth will occur, and wages will rise.
Explain carefully in terms of production theory why it might be that no amount of "cracking down" can increase worker productivity at CF&D.
Describe the revenue, costs, and profit that Starbucks expected when it entered this market.
a consumers utility function is ux y 2xy2 . the price of x is px the price of y is py and the consumers income is i. x
What is the machine's payback period? Compute net present value of machine if the cost of capital is 12%. Find out the expected internal rate of return for this machine?
Identify two microeconomics and two macroeconomics principles or concepts from the simulation. Explain why you have categorized these principles or concepts as macroeconomic or microeconomic.
Economic fluctuations (or business cycles) are fluctuations in the level of economic activity, relative to a long-term growth trend. Comparing and contrasting the economic fluctuation the United States has experiences from 1990 to current date.
The population proportion of economists predicting growth of at least 2.5% in real gross domestic product. The variance of the sample proportion of economists predicting growth of at least 2.5% in real gross domestic production.
The marketing team for a restaurant wants to estimate the price elasticity of demand coefficient for its steak dinner. It priced its dinner at different price points in local restaurants to see how many would be sold at different prices.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd