Qa firm sells its production in a perfectly competitive

Assignment Help Business Economics

Reference no: EM13353471

Q. A firm sells its production in a perfectly competitive market at a fixed cost of $10 per unit. It buys 2 inputs L as well as K at costs of $15 / unit as well as $50/ unit respectively as well as has following production function: Q=100L^0.3K^0.5.

a. By using calculus show that the production function exhibits diminishing returns to labor. Interpret your answer.

b. Currently show that if the same production functions also has diminishing returns to capital.

c. The return to capital as well as labor is same? Briefly clarify your answer.

Reference no: EM13353471

Questions Cloud

Q1 assume that the autarky charge of commodity x is 10 in : q1. assume that the autarky charge of commodity x is 10 in nation a 8 in nation b as well as 6 in nation c as well as

Q1 you have used particular bras well as well as type of : q1. you have used particular bras well as well as type of sunscreen for several years but after discovering that some

Q 1the boston marathon bombing was an example of an : q. 1.the boston marathon bombing was an example of an intelligence community miss what steps would you says we need to

Qassume that omar s marginal utility for cups of coffee is : q.assume that omar s marginal utility for cups of coffee is constant at 3.5 units per cup no matter how many cups he

Qa firm sells its production in a perfectly competitive : q.a firm sells its production in a perfectly competitive market at a fixed cost of 10 per unit. it buys 2 inputs l as

Qconclusion at harding silicon enterprises incharding : q.conclusion at harding silicon enterprises inc.harding silicon enterprises inc. produces less than 1 of the worlds

Q a charitable university benefactor has decided to donate : q. a charitable university benefactor has decided to donate a large amount of money for student scholarships. the money

Q1 the term educational technology covers a wide range of : q1. the term educational technology covers a wide range of tools and methods exploiting computers networks and media

Q1 corporate profitability declined by 20 from 2008 to 2009 : q1. corporate profitability declined by 20 from 2008 to 2009. what performance would you use to trigger executive

User Account

All Pages