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!
Question: Suppose that a firm's technology is given by the following production function:
f(k, l) = 6k1/6 l1/6
1. Prove that this production function exhibits diminishing marginal product in both k and l. This is not the same thing as decreasing returns to scale.
2. Prove that this production function exhibits decreasing returns to scale.
Suppose that the rental rate of capital is $10, the wage rate of labor is $10, and the price of output is $40.
3. What is the profit-maximizing quantity of capital and labor?
4. What is the profit-maximizing quantity of output?
5. What is the maximum profit for this firm?
Define and explain the relationship between total revenue, average revenue, and marginal revenue for a monopolist. What is monopoly profit Should a monopolist produce quantities of product greater than which would maximize profiits
Compute the value of the marginal propensity to save. Compute the amount of autonomous planned spending, Ap, given that the interest rate equals 5. Compute the equilibrium level of income, given that the interest rate equals 5.
A team of financial advisors guiding the launch of national newspaper has modelled the future circulation by the equation N=(1 - e^-kt). Make t the subject.
Identify three of the most environmentally negative impacts of the Industrial Revolution and justify your choices. For example, the invention of the automobile.
Calculate profit in the short run by using the price and output levels
A policy that results in a Pareto superior outcome will always satisfy the Kaldor-Hicks Criterion; however, it may not increase social welfare.
Search the web for news on computer security breaches that occurred during September-December 2015. Research one such reported incident. Prepare a report focusing on what the problem was, how and why it occurred and what are the possible solutions..
What is the value of total surplus in this market when the market is in equilibrium? Show how you calculated this value
Write a paragraph in which you describe the conditions under which a Web site could become profitable by relying exclusively on advertising revenue. In second paragraph
In a meeting about whether to store inventory in a company-owned warehouse or rent a warehouse, a colleague says, "We should use our own warehouse and save the cost of renting one." Do you agree or disagree? Explain.
The Value of the Marginal Product of Labor Equation is an important equation.
Clear Limited produces Plasma TV and distributes to retailers under her own house brand. Recent trend in market seems to favour adoption of TV using either LED technology.
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