Homework Answers
1. By using solver in excel we get results,
|
Q |
L |
K |
TC |
|
60 |
0.42 |
0.83 |
125.23 |
TC = 60*(L*1+K*2), minimizing TC, by changing L. K and keeping Q=60
2.
|
Q |
L |
K |
TC |
Price |
TR |
Profit |
|
60 |
0.42 |
0.83 |
125.23 |
10 |
600.00 |
474.77 |
Profit = TR-TC
TR=60*10
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Please help me with this question, thank you very much! 1. Find the cost minimizing amount...
Please help me solve this problem, a detailed presentation of each step would be greatly appreciated!...
Please help me solve this problem, a detailed presentation of
each step would be greatly appreciated!
1. Find the cost minimizing amount of L and K to produce 60 units of output when w=1 and r=2 2. Using the results from question 1, if the price of Q is $10/unit, calculate your profits froproducing 60 units.
Please help me with this question, thank you so much! For each of the two production...
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For each of the two production functions, if w (cost per unit
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cost minimizing value of L as a function of K.
a. Q = 1 1/2K1/4 b. Q = 300L-30L2 + 65K-2K2 + 3L*K
Please help me! Thank you! Suppose that a firm had a production function given by: q-L...
Please help me! Thank you!
Suppose that a firm had a production function given by: q-L K. The wage rate (w) is $10 and the rental rate (r) is $10 Calculate the amount of labor the firm would hire when t produces 200 units of output in a cost-minimizing way. .25, 0.75 (Round to the nearest 2 decimal places if necessary.) Answer: Check
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Hello, I need help with Problem 1. Please show all the steps and the solutions of the problem. Thank you very much. l....
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Please show all the steps and the solutions of the problem.
Thank you very much.
l. Consider the geode ie L = {it : t E R, t > 0) in 2, and consider the point i+1 which is not on L. Show that there are infinitely many distinct hyperbolic geodesics passing through w that do not intersect L.
l. Consider the geode ie L = {it : t E R, t >...
Please help me solve this problem, a detailed presentation of
each step would be greatly appreciated!
1. Find the cost minimizing amount of L and K to produce 60 units of output when w=1 and r=2 2. Using the results from question 1, if the price of Q is $10/unit, calculate your profits froproducing 60 units.
Please help me with this question, thank you so much!
For each of the two production functions, if w (cost per unit
of labor) is $2 and r (cost per unit of capital) is $6, find the
cost minimizing value of L as a function of K.
a. Q = 1 1/2K1/4 b. Q = 300L-30L2 + 65K-2K2 + 3L*K
Please help me! Thank you!
Suppose that a firm had a production function given by: q-L K. The wage rate (w) is $10 and the rental rate (r) is $10 Calculate the amount of labor the firm would hire when t produces 200 units of output in a cost-minimizing way. .25, 0.75 (Round to the nearest 2 decimal places if necessary.) Answer: Check
- Julia operates a cost-minimizing firm that produces a single output using labor (L) and capital (K). The firm's production function is Q f(L, K) = min{L, K}}. The per-unit price of labor is w = 1 and the per-unit price of capital is r = 1. Recently, the government imposed a tax on Julia's firm: For each unit of labor that Julia employs, she must pay a tax of £t to the government. (a) Graph the Q unit of...
Please help me to solve this
problem. Thank you so much.
3. The manufacturing of Styrofoam coffee cups causes damage to a local river when the manufacturing plant produces more than 500 units in a period. To discourage the plant from producing more than 500 units, the local community is considering placing a tax on the plant. The long-run cost curve for the firm 0t, where q is the number of coffee cups + tq, where q is the number...
Hello, could you solve
Question3 - Part 3 (the third question) please, Thank you very
much!
Question 3 A monopolist can produce at a constant average and marginal cost of ATC- MC demand demand curve given by Q-53-P. $5. It faces a market 1. Calculate the profit maximizing price and quantity for this monopolist. Also calculte its profits. 2. Suppose a secod firm enters the market. Let Q1 be the output of the first firm and Q2 be the output...
please help me with this question thank you very much in
advance
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Hello,
I need help with Problem 1.
Please show all the steps and the solutions of the problem.
Thank you very much.
l. Consider the geode ie L = {it : t E R, t > 0) in 2, and consider the point i+1 which is not on L. Show that there are infinitely many distinct hyperbolic geodesics passing through w that do not intersect L.
l. Consider the geode ie L = {it : t E R, t >...
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