What is the long-run optimal input combination

Assignment Help Business Economics
Reference no: EM13840238

Suppose the production function for pasta is Q = 4kl ; What is the long-run optimal input combination when Q = 16 , r = 4 , and w = 36 and what is the long-run total cost function when r = 4 and w = 36

Reference no: EM13840238

Questions Cloud

Sampling theorem and quantization : You are to analyze the audio recording and playback system shown below. The input audio frequency range is fÎ[0, 3.5] kHz. The listener's hearing range is fÎ[0, 8] kHz. The ADC operates at the programmable sample rate of fs = n8kHz, n an integer.
What is the approximate opportunity cost of producing : If the economy is currently producing 40 units of cotton and 6 units of wheat, then what is the approximate opportunity cost of producing 10 more units of cotton?
What is the social surplus created by eradicating polio : Suppose that the cost of eradicating polio from a society of 1,000 persons is $5 per person. Also suppose that only two persons in the society will benefit from that policy, and the benefit to each of those persons is $2,000. Then what is the social ..
Concepts of cross elasticity and income elasticity : Think of another good that you have purchased recently (or you could continue with the good you selected in TDA I). Be specific (e.g. is it breakfast cereal in general or Cheerio’s cereal specifically). how does an increase in price for this good aff..
What is the long-run optimal input combination : Suppose the production function for pasta is Q = 4kl ; What is the long-run optimal input combination when Q = 16 , r = 4 , and w = 36 and what is the long-run total cost function when r = 4 and w = 36
Explain why there is blurry line dividing objects : Explain why there is a blurry line dividing objects that are money from those that are not. Give examples of some clear-out cases and some borderline ones. Could the position of this blurry line change over time?
Determine the straight-line and double declining balance : Jack's construction company is considering the purchase of new equipment at a cost of $10,500; with an estimates salvage value of $500 and projected useful life of 4 years. Determine the straight-line (SL), sum of year's- digit (soyd) and double decl..
Annual compound interest : Suppose when you are 21 years old, you deposited $1000 into a bank account that pays annual compound interest, and you do not withdraw from the account until your retirement at the age 65, 44 years later. How much more will be in your account if the ..
Inflation rates-what are the ex-post real interest rates : Assume that the inflation rates in 2010, 2011, and 2012 were 1%, 2%, and 3% respectively. During the same periods, nominal interest rates were 5%, 5%, and 6%, respectively. What are the ex-post real interest rates in 2010, 2011, and 2012?

Reviews

Write a Review

Business Economics Questions & Answers

  Calculate the effect of an increase in the money supply

Derive the aggregate demand curve and plot it to scale. Show all of your work. Calculate the effect of an increase in government spending on GDP. Is the effect larger or smaller than in the case where consumption does not depend on the interest rate?..

  Objected to the rise of monopolies and trusts

Many middle class and working class Americans objected to the rise of monopolies and trusts, although not always for the same reasons. Why did they believe that that these powerful big businesses were Europeanizing America? What kinds of solutions we..

  Solve the firms cost minimization problem

Maze Consultant employees only two types of personnel, latyers and secretaries in a production function of the form Q=LS, where Q is the number of cases handled in a month, L is the number of lawers and S is the number of secretaries employed per mon..

  Explain the meaning of a nash equilibrium

Explain the meaning of a Nash equilibrium when rms are competing with respect to price. Why is the equilibrium stable? Why don’t the firms raise prices to the level that maximizes joint prots? What is the DWL in this model?

  Cutting the corporate income tax

Cutting the corporate income tax can potentially increase the pace of technological change resulting in the aggregate supply curve shifting to the right.

  Charging the most favorable price

For the product is charging the most favorable price

  Profit of simultaneously pursuing both programs

What is the expected profit of simultaneously pursuing both programs.

  Q1 suppose that mnl logs harvested the logs in october 2011

q1. suppose that mnl logs harvested the logs in october 2011 and sold them to mnl number in december 2011. mnl number

  Payback period method of investment

Illustrate what is payback period method of investment. Explain how it can be applied to choose among investment project.

  Economy be faced with endless trade cycles

Can an economy be faced with endless trade cycles also still have its Real GDP grow over time?

  Determine the estimated regression line

Consider the Sherwin Williams Company example discussed in this chapter. Suppose one is interested in developing a simple regression model with paint sales (Y) as the dependent variable and selling price (P) as the independent variable.

  Simple regression analysis which demand increases

Finds in a simple regression analysis which demand increases with an increase in advertising also falls as advertising expenditures are reduced.

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