What is the total output

Assignment Help Business Management
Reference no: EM131253890

Suppose the production function is Q = K1/2L1/2. Assume K = 16 and L = 4.

a. What is the total output?

b. What is the average product of capital?

c. What is the average product of labor?

d. What is the marginal product of capital

e. What is the marginal product of labor?

Reference no: EM131253890

Questions Cloud

Modify data entry screen to capture and store information : To help customers locate the newest releases, add the date that the movie was first available. - Add the director's name. -  Add a customer rating of one, two, three, or four stars based on number of rentals.
Marketing marginal costs : A chemical company can produce Q units of a chemical H, with marginal costs of MC = 9 + Q, and can distribute the chemical at marketing marginal costs of MC = 1. The demand for H is given by P = 30 - 1.5Q. If an external market exists where H can ..
Identify alternative policy options : Identify alternative policy options that could help to solve a problem in higher education? What criteria would you use to evaluate the alternatives? How would you evaluate those alternatives?
Economies of scale production : In a brief essay (1-2 paragraphs), fully explain how economies of scale production affect world trade patterns, AND the implications of this assumption for industrial policy.
What is the total output : Suppose the production function is Q = K1/2L1/2. Assume K = 16 and L = 4. a. What is the total output? b. What is the average product of capital?
How might bundling increase a firm''s profits : Even if a monopolist knows that advertising shifts the demand curve for its product to the right, why might it decide not to advertise at all? If it does advertise, what factors determine how much advertising it will do?
Create the framework and preparation for a homeland security : Create the framework and preparation for a homeland security or emergency management strategic plan for your agency at the local level of government.
How might screening help a firm price discriminate : Why might a firm try to implement a tying arrangement? What is the difference between tying and bundling?
Describe the key elements of influence : Describe the key elements of influence in the "In the American Ground: Unbuilding the World Trade Center" case study. Analyze how informal groups form and how they influence the activities of public agencies

Reviews

Write a Review

Business Management Questions & Answers

  Direct method useful in making decisions

How could the direct method be useful in making decisions?

  A personal profile could be accumulated from disparate

A personal profile could be accumulated from disparate sources. What's your opinion about the secondary utilization of personal data for data profiling?

  Ceiling on medicines or on health care

What are the advantages of have price ceiling on medicines or on health care?

  Explain how the organization divides work

Differentiate between span of control and span of managerial responsibility within the organization. Decide whether the organization would be better run as a bureaucracy or an adhocracy. Explain your decision. Explain how the organization divides wor..

  Analyzing the leadership style of a non-fictional character

Evaluate your chosen leader and yourself, based on the leadership theories and summarize the discussion with your mentor

  Explain which change model is for the short-term change

explain which change model you would follow for the short-term change and which you would follow for the long-term change. Provide rationale for your decision and discuss the effects that these changes would have on the employees

  What is the unions duty of fair representation

What is the union's Duty of Fair Representation? What does this mean in the context of grievances in the workplace? What is bad faith? How is it different?

  What is h''s tax treatment alternatively with

What is H's tax treatment alternatively with and without family attribution being waived?What happens to the basis of H's shares if family attribution is not waived?

  What would you predict for airline supply and demand

In 2008, the world entered the worst recession since the Great Depression of the 1930s. What would you predict for airline supply and demand?

  Describe the uses of business forecasting

Prepare a paper that describes the uses of business forecasting. Must use APA style formatting and list references.

  Joint tenancy with right of survivorship

In connection with this assignment, you may want to research the legal concepts and incorporate what you find in your thread if you consider them relevant:

  Organisational analysis

Think back to an organisation where you enjoyed working. What were the top three reasons that you enjoyed working there? For many, one of those responses is the people. Now, think about the people that were at that organisation. Was everyone the same..

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