subject
Business, 16.03.2020 23:14 bernie24

In the short run, we assume that capital is a fixed input and labor is a variable input, so the firm can increase output only by increasing the amount of labor it uses. In the short-run, the firm's production function is q equals f (Upper L comma Upper K )overbar, where q is output, L is workers, and Upper K overbar is the fixed number of units of capital. A specific equation for the production function is given by: q equals 8 KL plus 5 Upper L squared minus (one third )Upper L cubed . or , when Upper K overbar = 22, q equals (8 times 22 times Upper L )plus 5 Upper L squared minus (one third )Upper L cubed . The level of output q for 10 units of labor input is nothing (enter your response rounded up to two decimal places). The average productivity of these 10 units of labor is nothing (enter your response rounded up to two decimal places). The marginal productivity of using one more unit of labor input is nothing (enter your response rounded up to two decimal places). Given the relationship between the average productivity and the marginal productivity, the average productivity of labor is â–¼ falling a maximum rising .

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 13:20
Suppose your rich uncle gave you $50,000, which you plan to use for graduate school. you will make the investment now, you expect to earn an annual return of 6%, and you will make 4 equal annual withdrawals, beginning 1 year from today. under these conditions, how large would each withdrawal be so there would be no funds remaining in the account after the 4th withdraw?
Answers: 3
question
Business, 22.06.2019 20:00
Which of the following is a competitive benefit experienced by the first mover firm in an industry? a. the first mover will be able to achieve a less steep learning curve. b. the first mover will be able to reduce the switching costs. c. the first mover will not have to patent its products or technology. d. the first mover will be able to reduce costs through economies of scale.
Answers: 3
question
Business, 22.06.2019 20:00
Experienced problem solvers always consider both the value and units of their answer to a problem. why?
Answers: 3
question
Business, 22.06.2019 22:00
Miami incorporated estimates that its retained earnings break point (bpre) is $21 million, and its wacc is 13.40 percent if common equity comes from retained earnings. however, if the company issues new stock to raise new common equity, it estimates that its wacc will rise to 13.88 percent. the company is considering the following investment projects: project size irr a $4 million 14.00% b 5 million 15.10 c 4 million 16.20 d 6 million 14.20 e 1 million 13.42 f 6 million 13.75 what is the firm's optimal capital budget?
Answers: 3
You know the right answer?
In the short run, we assume that capital is a fixed input and labor is a variable input, so the firm...
Questions
question
Mathematics, 26.11.2019 15:31
Questions on the website: 13722363