1 suppose the production function for oranges is q k13, Ask an Expert

Economics

1. Suppose the production function for oranges is Q = k^1/3 L^1/3

(a) What is the labor demand function when Q = 4 and r = 9 ?

(b) What is the capital demand function when Q = 4 and w = 4 ?

w = 4 in terms of r ?

2. Suppose the production function for pasta is Q = 4kl

(a) What is the long-run optimal input combination when Q = 16 , r = 4, and w = 36 ?

(b) What is the long-run total cost function when r = 4 and w = 36 ?

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M91409973

Have any Question?Write your Review or question?

Related Questions in Business Economics

Equipment maintenance costs for manufacturing

Equipment maintenance costs for manufacturing explosion-proof pressure switches are projected to be $125,000 in year one and increase by 3.5% each year through year five. What is the equivalent annual worth of the mainte ...

The number of phone calls that arrive at a phone exchange

The number of phone calls that arrive at a phone exchange is often modeled as a Poisson random variable. Assume that on average there are 7 calls per hour. Show all work. a) Find the probability that there are exactly f ...

True and false question and need to explain itthe theory of

True and False Question and need to explain it The theory of comparative advantage states that trade arises due to different amounts of labor and capital in a country. What arises trade in neo-classical model and o-h mod ...

What do the terms external costs full cost accounting and

What do the terms external costs, full cost accounting, and neoclassical refer each refer to?

A national air traffic control system handled an average of

A national air traffic control system handled an average of 47,556 flights during 28 randomly selected days in a recent year. The standard deviation for this sample is 6,251 flights per day. Complete parts a through c be ...

This weekend martha has time to read 40pages of economics

This weekend, Martha has time to read 40pages of economics and 30pages of sociology. Alternatively, she could read 10pages of economics and 90pages of sociology. Which of these equations describes all combinations of pag ...

The mean length of 12 newly hatched iguanas is 700 inches

The mean length of 12 newly hatched iguanas is 7.00 inches with a standard deviation of 0.75 inches. Construct and interpret a 90 % confidence interval for the mean length of all newly hatched iguanas. Assume that the le ...

15-18 years 419-22 years 523-26 years 627-30 years 931-34

15-18 years 4 19-22 years 5 23-26 years 6 27-30 years 9 31-34 years 2 35-38 years 7 Based on the frequency distribution above, find the relative frequency for the class 15-18. Relative Frequency = % Give your answer ...

How would i find out this probability i keep getting -1 and

How would I find out this probability? I keep getting -1 and that is not the right answer. It says the right answer is 0.1587 but I dont see how For X~ Normal(100, 10), What would be the probability that x is less than 9 ...

State the total degrees of freedom for the

State the total degrees of freedom for the following t -tests. (If you need to use ∞, enter INFINITY.) (a) n = 17 for a one-independent sample t -test (b) df 1 = 12, n 2 = 18 for a two-independent sample t -test ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Economics Expert