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

  Show the understanding of how fed influences money supply

according to the federal reserves federal open market committee 2011 the federal reserve controls the three tools of

  Explain how the role of government affects each market

you have been hired as a consultant by your local mayor to look at the various market structures. your role is to

  What happens when there is surplus of imports brought into

assume that you have been appointed as the speaker of the house. you must deliver a speech about the current state of

  Explain the experience with a salesperson which was

prepare a three-page paper in apa style that describes 800 words explains addresses and answers the following.many

  The bureau of labor statistics showed an astonishing 5

the bureau of labor statistics showed an astonishing 5 percent gain in productivity in 2001s fourth quarter. some

  What prices would have producers be indifferent between

Using concepts we have discussed in class, discuss the effect of having a minimum wage. The minimum wage raises workers’ wage above the equilibrium wage.

  Compute the resulting equilibrium price quantity

two firms produce differentiated products and set prices to maximize their individual profits. demand functions for the

  What is a normal profit and what is an economic profit

What is a normal profit and what is an economic profit? Explain your answer using examples. Are normal profits being earned in this example? Are economic profits present for this firm in this example?  Explain your answers.

  How do effects of tariffs differ from effects of quotas

Who gains and who loses from a tariff? How do the effects of tariffs differ from the effects of quotas? If you were a small country, what would you rather utilize? 200 word answer

  Clarify what is meant by absolute and comparative advantage

clarify what is absolute and comparative advantage for any nation. show and explain a sample diagram demonstrating the

  While last unit of capital adds 65 units to total output is

suppose a firm is currently using 500 laborers and 325 units of capital to produce its product. the wage rate is 25 and

  Calculate any depreciation recapture-ordinary losses

An asset with an 8-year ADR class life costs $50,000 and was purchased on January 1, 2001. Calculate any depreciation recapture, ordinary losses, or capital gains associated with selling the equipment on December 31, 2003, for $15,000, $25,000, and $..

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