Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

Economics


Home >> Microeconomics

A firm's production function is Q=L^0.5K^0.5 , where Q stands for output, L for labour, and K for capital. The firm is a monopolist in the output market but it hires the inputs in perfectly competitive markets at constant per unit prices w=4 and r=4 for labour and capital, respectively. The market demand function is Q=80-p. Determine the profit maximizing input use, the output price, and the monopolist's profit.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M965130

Have any Question?


Related Questions in Microeconomics

Question there are 40 identical firms in a competitive

Question: There are 40 identical firms in a competitive market, and there are no entry or exit barriers. Eachcompetitive firm has a cost function C(q) = 32 + 2q2. The market demand is given by Q = 200 -10p. a. Derive eac ...

Question suppose the country of nepal a small open economy

Question: Suppose the country of Nepal, a small open economy can be described by the following equations: Y = C + I + G + NX Y = 5000 G = 1000 T = 1000 C = 250 + 0.75(Y - T) I = 1000 - 50r NX = 500 - 500e r = r* = 5 (a) ...

Question economic cycle curvesconstruct the ad sras and

Question: Economic Cycle Curves Construct the AD, SRAS, and LRAS curves for an economy experiencing (a) full employment, (b) an economic boom, and (c) a recession. What will happen in each case if it's only temporary? Wh ...

Question assume a visitor from another nation decides to

Question: Assume a visitor from another nation decides to open a checking account at J & R National Bank. The visitor deposits $20,000 that is new money to the Macro Islands economy. The central bank has set a required r ...

Question what sorts of provisions might a contract include

Question: What sorts of provisions might a contract include to handle days when it rains and the bees cannot be released? What if the beekeeper has a contract with farmers in another area and cannot stay an extra day wit ...

Question one constraint in our economy is time as a society

Question: One constraint in our economy is time. As a society, we make choices about allocation of time between work and other pursuits. In the US, most workers are eligible for overtime pay if they work more than 40 hou ...

Question psychologist beverly daniel tatum summarizes the

Question: Psychologist, Beverly Daniel Tatum summarizes the impact of institutionalized racial policies like FHA loan practices: "To the child of that parent, it looks like, ‘My father worked hard, bought a house, passed ...

Question petunias farm produces and sells milk the market

Question: Petunia's Farm produces and sells milk. The market for milk is perfectly competitive. The market price of milk is $2.50 per gallon. The relationship between the farm's output and total costs is shown in the tab ...

Question when a neighborhood is cleaned up and kept neat

Question: When a neighborhood is cleaned up and kept neat, there are a number of positive spillovers: higher property values, less crime, happier residents. What types of government policies can encourage neighborhoods t ...

Question michael kinsley a political columnist observes the

Question: Michael Kinsley, a political columnist, observes: "The idea of insurance is to share the risks of bad outcomes." In what sense does insurance involve sharing risks? How does the problem of adverse selection aff ...

  • 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

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As

Follow Us

© Copyright 2013-14 mywordsolution.com All rights reserved