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Cari di dalam dokumen. Eric Stevanus - LA28 - 1. K L Q MPK APK APL VMPK 0 20 0 - - - - 1 20 50 50 50 2,5 2 20 75 7,5 3 20 15 4 20 20 5 20 50 90 22,5 6 20 25 79,17 23,75 7 20 0 67,86 23,75 0 8 20 56,25 22,5 9 20 44,44 20 10 20 30 15 11 20 13,64 7,5 a.
Identify the fixed and variable inputs. Fixed inputs : 20 hours of labor services Labor Variable inputs : Rent hours Capital b. What is the variable cost of producing units of output? How many units of the variable input should be used to maximize profits? What are the maximum profits this firm can earn?
From 0 to 3 variable input g. From 3 to 11 variable input h. Over what range of input usage do negative marginal returns exist? From 7 to 11 variable input 3. Law of Diminishing Marginal Return The law of diminishing marginal returns is a theory in economics that predicts that after some optimal level of capacity is reached, adding an additional factor of production will actually result in smaller increases in output.
After some optimal level of capacity utilization, the addition of any larger amounts of a factor of production will inevitably yield decreased per- unit incremental returns Law of Diminishing Marginal Rate of Technical Subtitution The marginal rate of technical substitution MRTS is an economic theory that illustrates the rate at which one factor must decrease so that the same level of productivity can be maintained when another factor is increased. The fixed cost of producing 7 units of output.
The total cost of producing 7 units of output. The average fixed cost of producing 7 units of output. The average variable cost of producing 7 units of output. The average total cost of producing 7 units of output. The firm should increase the amount of capital used in the production process. Are there cost complementarities in producing products 1 and 2?
Dokumen Serupa dengan assignment 6. Pallavi Bhatia. Kamesh Gupta. Cris Rocha. Michael A. Navi S. Mijamin David Garcia Faberio. Kevin Lacroix. Rohit Yadav. Neeraj Bansal. Interfacing Technologies. Kris Ellen Taucan. Lainnya Dari eric stevanus. Populer di Management. Rama Krishna. Jose de la Riva-Scerpella. Xandra Yzabelle T. Esha Kanojia. Kedar Tamhankar. Ircan Ardiansyah. Nigel A. Belal Reza. Arven Franco. Somar Karim.
Khooshal Yadhav Ramphul. Ibrahim Abdi. Kumar Bangarupalyam. Aditya Goel. Singh, P. Patty Lin. Sutkovic Jahjad. Q: Now suppose that an FDA report announces that coffee is harmful to cardiovascular health. Starting f In perfect competition long run equilibri Q: Refer to the table below. Calculate the number of people considered "employed," the number consider A: The number of employed people or unemployed people collectively determines the labor force of an eco Q: What is the Leontief Paradox?
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As per our Honor code, we are allowed to attempt only first three su The total cost of production, based on the number of bu A: The profit-maximizing output in the market is obtained at the point where the marginal cost of produ Q: Why do economists care about positive externalities?
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China is A: For any country to be competitive in low — cost manufacturing, there are few other factors which ne Q: A downward-sloping portion of a long-run average total cost curve is the result of a. A: The total cost is the sum of fixed cost and variable cost in the production process.
When the total Q: Why do American households and businesses buying things from foreigners. A: American households and businesses buy goods and services from foreigners as it helps them to utiliz Q: Suppose the price level reflects the number of dollars needed to buy a basket of goods containing on Q: Explain why automobile manufacturers produce their own engines but purchase mirrors from independent A: The automobile manufacturers produce their own engines but purchase mirrors from independent supplie Q: Total economic surplus is represented by?
A: Generally the term surplus means, something that is excess in amount or more than that we need. The Beveridge model in the United Kingdom reduces moral hazard by having public p A: It is true as it is a single payer system and reduces competition and the funds are provided by gove Q: Using the information given in the table, draw the isoquant corresponding to an output level of A: output of can be produced by following combinations of labor and capital:.
Q: Suppose that the condition in part a holds and wages adjust to equilibrate labor supply and labor Q: There is considerable evidence that societies that spend more on social services — housing, income s A: Some societies spend more on social services like housing, income support, transportation etc. Q: Suppose your firm is in need of cash and plans to auction off a subsidiary to the highest bidder.
A: Under the first-price sealed-bid auction, the highest bidder wins and pays his bid for the good. Q: a If the spending multiplier is 2. Q: Question 5 2 pts Greater air pollution from car production leads to increased rates of asthma and in Q: The success of small and medium enterprises to the extent depends on location and layout. A: Plant location is a place where the company brings all the materials, machines, equipment and labor Q: Walmart can be viewed as a first mover.
Now suppose both Walmart and HEB are considering whether an A: The inverse demand function is given as: a. In the first stage, Walmart has a large scale supermark Q: Consider the graphs of a constant cost industry and a perfectly competitive firm within it. A: a The long run equilibrium in a perfect competitive market can be illustrated as follows. A: The first significant point to make with investors is that restructuring the incentive plan is inten Since there are multiple sub-part questions posted here, only the Q: Suppose an industry consists of three firms.
Q: Describe the difference between foreign direct investment and foreign portfolio investment. Who is m A: The investment of foreign company or entity to a domestic company or entity is known as FDI foreign Bob produces Blu-ray movies for
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