User Account

All Pages

What is the firm''s optimal combination of factors

Assignment Help Microeconomics
Reference no: EM13876880

A firm with a CD production function Q = 2K 0.5 L0.4 plans to produce 500 units of output per day. Assume the price of labor and capital are

w = $50 and r = $100 a day.

(a) What is the firm's optimal combination of factors that minimizes its cost?

(b) What is the market price of this good if this firm makes a $2,500 profit each day?

Reference no: EM13876880

Questions Cloud

Can individual u.s. investors trade directly : Can individual U.S. investors (like you and me) trade directly on foreign exchanges?
Determine the tension in cable : The boom is held by a ball-and-socket joint at D and by two cables EG and ICFH; cable ICFH passes around frictionless pulleys at C and F. For the loading shown, determine the tension in each cable and the reaction at D.
Paper - police and community relationships : Write a literature review paper with a minimum of 17 full pages of text not including the title page, abstract, or references due by 11/22 in APA format. The topic is either Police and Community Relationships, or Police discretion on arrests
What is the role of the trustee associated : What is the role of the trustee associated with a bond issue? Find the Internet site for a trust firm and provide the link for your classmates.
What is the firm''s optimal combination of factors : A firm with a CD production function Q = 2K 0.5 L0.4 plans to produce 500 units of output per day. Assume the price of labor and capital are w = $50 and r = $100 a day- What is the firm's optimal combination of factors that minimizes its cost
Determine immediately after releases : Two slender rods, each of length l and mass m, are released from rest in the position shown. Knowing that a small frictionless knob at end B of rod AB bears on rod CD, determine immediately after releases
Describe the exchanges listing requirements : Describe the exchange's listing requirements and hours of operation. What U.S. stocks, if any, are listed on the exchange?
Strength and a weakness in the authors analyses : Identify and analyze a strength and a weakness in the authors' analyses or conclusions (from your perspective). Explain your reasons for viewing each point as either a strength or a weakness
How does a marketing decision support system : How does a marketing decision support system (MDSS) differ from a marketing information system (MIS)? Why might a marketer want to use an MDSS in addition to an MIS?

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd