Business, 05.12.2019 04:31 yungmoney30
Suppose that a firm's production function is given by q = kl(mpk = l and mpl = k), where q is the quantity of output, k is units of capital, and l is units of labor. the price per unit of labor and capital are $30 and $20, respectively.(a) how many units of labor and capital should the firm use if it wants to minimize the cost of producing 600 units of output? (b) suppose that the firm experiences a technological change, transforming its production function to q = 1.23kl (mpk = l and mpl = k). what is the minimum cost of producing 600 units of output?
Answers: 2
Business, 21.06.2019 16:10
You are at a holiday dinner with your family. your relative makes the argument that the u.s. economy is resurgent and has recovered from the great recession of 2007 β 2009. economic growth, as measured by gdp, has been increasing from one quarter to the next. you beg to differ. how would you structure your argument with your relative? hint: you should think about two things, the accuracy of gdp measures, and whether gdp should be considered a comprehensive measure of a countries well-being.
Answers: 3
Business, 22.06.2019 04:40
Select the correct answerwhat is the responsibility of each of the twelve federal reserve's banks in their districts? a.they set the prime rateob.they monitor functioning of banks in their through onsite and offsite reviewsc.they assess taxes in their destnictd.they write fiscal policies
Answers: 1
Business, 22.06.2019 09:30
Which are the best examples of costs that should be considered when creating a project budget?
Answers: 2
Business, 22.06.2019 10:40
What would happen to the equilibrium price and quantity of lattΓ©s if the cost to produce steamed milk
Answers: 1
Suppose that a firm's production function is given by q = kl(mpk = l and mpl = k), where q is the qu...
Mathematics, 04.09.2020 22:01
Mathematics, 04.09.2020 22:01
English, 04.09.2020 22:01
Mathematics, 04.09.2020 22:01
Mathematics, 04.09.2020 22:01
Biology, 04.09.2020 22:01
Mathematics, 04.09.2020 22:01
Mathematics, 04.09.2020 22:01
Mathematics, 04.09.2020 22:01