Business, 05.05.2020 19:30 peperivera2652738

1 [25 points; Chapter 21 Cost Minimization] A firm has the production function F(L, K) = 2L1/2 + 3K1/2. The price of labor is $4 and the price of capital is $3. The firm has a production goal of 16 units of output. a) Neatly specify this firm’s cost minimization problem, using the particulars associated with this problem. b) Give two equations that an interior solution satisfies, tailoring your equations to the particulars of this problem. c) Solve the two equations for the firm’s optimal choice. Show your work. d) Determine this firm’s minimum cost of producing 16 units. e) Determine this firm’s cost function C(Q). Neatly show your work.

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a. money supply

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answer the amount a seller is paid minus the cost of production;

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of the three mortgage options that demarco and tanya have to choose from, the balloon payment mortgage would be their best option, over adjustable payment and fixed payment plans.ultimately, the balloon payment plan would save demarco and tanya overall, in interest, would cost less monthly, and they would only have to make these payments for 8 years, opposing to 30 years for adjustable or fixed payment plans.

overall, demarco and tanya would save $80,811 if they chose balloon payments over fixed payments, and would save $116,711 if they choose balloon payments over adjustable payments. benefits with choosing fixed payments over adjustable payments is that, in the end, the payments will still be $836.30 a month, while with adjustable payments, the initial monthly payments will be $763.38 to $1082.70 a month, ultimately leading to a more costly purchase. benefits with choosing fixed payments over balloon payments are not present. benefits in choosing adjustable payments over is that it has a lower interest rate, and starts with lower monthly payments initially. benefits in choosing adjustable payments over balloon payments include a lower interest rate, and lower initial monthly payments. benefits in choosing balloon payments over fixed payments include lower interest rates, lower overall price, lower monthly payments, takes less time to pay off, and does not require a downpayment. benefits in choosing balloon payments over adjustable payments include, lower monthly payments (when averaged), takes less time to pay off, and lower overall price.

hence, option c, balloon payments, is the best option for demarco and tanya to make this purchase, for it will save them a minimum of $80811, and a maximum of $116,711.

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When odysseus hurts him.the cyclops is drunk and blubbering. he promises to eat odysseus last of all the men as an expression of gratitude for the wine. odysseusand his men tie themselves to the undersides of the cyclops' sheep/rams so they can escape when the cyclops lets the animals out to graze.: )

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1 [25 points; Chapter 21 Cost Minimization] A firm has the production function F(L, K) = 2L1/2 + 3K1...

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