Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

Good Aliens Corporation: We make Good Product, We have Good Machines; It is All Good! Good Aliens Corporations, a famous paper manufacturer on planet Economia is considering expanding its operations in two new plants across the river: plant Alpha ( ) and plant Beta ( ): Mr. Rho, the production manager, is reviewing a report submitted by his assistant Hans regarding the short-run total product curves for the two plants. Hans estimated the two production functions as follows:

1338_Good Aliens Corporation.png

Hans did not provide any additional information. Mr. Rho, who knows calculus, derived the marginal product for both plants as

1010_Good Aliens Corporation1.png

Mr. Rho also knows that Good Aliens gave him only 10 workers to start up operations in both plants. The question that Mr. Rho is trying to answer is: How much labour should be allocated to plant Alpha and to plant Beta? And, at the best allocation, what is the output produced?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M9745540

Have any Question?


Related Questions in Microeconomics

Question 1 200 wordsafarmer fitzgerald was heard saying my

Question 1 (200 words) (a) Farmer Fitzgerald was heard saying "My farm is profitable, but I can't afford to stay in business any longer. I am going to sell the farm and teach at the local TAFE College.' In what sense is ...

Question strategic plan amp presentation 200 - this

Question: Strategic Plan & Presentation (200) - This assignment will be covered under separate cover. But in short you will be divided into groups. You should choose an existing growing business to assess based on our 3 ...

Question the discussion answers must be a minimum of 125

Question: The discussion answer(s) must be a minimum of 125 words of substance with any references cited in APA format. No copying and pasting of work previously done for someone else. This week we are looking at industr ...

Question a firms total cost and marginal cost functions

Question: A firm's total cost and marginal cost functions are: TC = 10 Q2 + 2Q-2; MC = 20 Q + 2 Assume that the market price is 42 and that the marginal revenue (MR) is also 42 (it is constant at all output levels). A) T ...

Question topic marijuanathere is much discussion in the

Question: Topic: Marijuana There is much discussion in the press about several states moving to legalizing marijuana, either for only medical purposes, or more extremely, for recreational purposes. Looking only at the ec ...

Question a there are some status goods like rolex watches

Question: A. There are some "status goods," like Rolex watches, that people want to own because they are expensive. In contradiction to the law of demand, if Rolex watches were less expensive, few "status-seeking" consum ...

Question as a manager the following facts are in your

Question: As a manager, the following facts are in your possession at the end of ‘‘this'' year and you are asked to predict the changes in the economy ‘‘next'' year. (A) The Fed has just cut the funds rate by 3/4%, but b ...

Question - suppose there is a relationship between park

Question - Suppose there is a relationship between park land and timber extraction of the following sort: Park Land (00 acres) 20, 18, 14, 8, 0 Timber ($) (000) 0, 1, 2, 3, 4 Draw the PPC between park land and timber ext ...

Question the following diagram shows the market situation

Question: The following diagram shows the market situation for the perfectly competitive market for wheat. The wheat market is currently at short-run equilibrium E, where the price P* is not high enough to generate posit ...

Question - a key aspect of this study is reflection about

Question - A key aspect of this study is reflection about your understandings and positionings as a pre-service teacher in relation to Indigenous Australian education. This essay is a reflective and analytical piece that ...

  • 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