Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Computer Engineering Expert

Jordan's jackets produces two types of coats using the same workers. The production function and marginal product of labor for each type can be expressed as :

Y1=500+200L1-2L12 , MPL1=200 - 4L1

Y2= 300+ 100L2 -0.5L2 , MPL2= 100 - L2

A. Assume P1=8, P=10, what is the marginal revenue product for each type of coat ?

B. If the firm hires 50 identical workers , what is the optimal distribution between types of coats? round your answers to two decimal places. Fractional workers are allowable.

C. What is the equilibrium wage paid to the workers? round your answer to two decimal places.

Computer Engineering, Engineering

  • Category:- Computer Engineering
  • Reference No.:- M92799571
  • Price:- $15

Priced at Now at $15, Verified Solution

Have any Question?


Related Questions in Computer Engineering

In a large university 6 of students live in dormitories a

In a large university, 6% of students live in dormitories. A random sample of 14 students is selected. What is the probability that the sample contains more than five students who do not live in the dormitories?

Ethics and the information security professionnbspwhat are

ETHICS AND THE INFORMATION SECURITY PROFESSION  What are the ethical dilemmas and challenges faced by information security professionals? Are professional organizations' ethical codes of conduct beneficial as an informat ...

We have seen that a block cipher such as aes is insecure if

We have seen that a Block cipher such as AES is insecure if an attacker can have a very large number of chosen plain-text messages (e.g.2 50 messages) for which he gets the corresponding cypher-text. Suppose that we cons ...

The system development team at the xyz company is working

The system development team at the XYZ Company is working on developing a new customer order entry system. In the process of designing the new system, the team has identified the following data entity attributes: Invento ...

Simple scenariobull at the beginning of each semester

Simple Scenario • At the beginning of each semester, students get a course catalogue containing a list of course offerings for the semester. Information about each course, such as professor, department, and prerequisites ...

Search the internet for 5 open source reporting software

Search the internet for 5 open source reporting software packages of your choice? Explain why you think these software packages are the best for BI/DSS Reporting? Choose one of them and do associated with the reporting s ...

How do you make a java program that reads two diagonal

How do you make a Java program that reads two diagonal points, say p1 and p2, of an up-right rectangle and finds both the smallest circle containing the rectangle and the largest circle that can be contained in the recta ...

Explain why some organizations may not place enough

Explain why some organizations may not place enough importance on disaster recovery. What might happen to these organizations in the event of an actual disaster?

1 write code in the method linearsearch in

1. Write code in the method linearSearch() in "SearchMethods"class which finds the element in an array using linear search approach and returns its index to the calling main method, otherwise it returns -1. 2. Write code ...

Write a program to calculate the average temperature for

Write a program to calculate the average temperature for the year and determine the hottest month of the year. In your main method, the program should collect the user input of the average Fahrenheit temperatures for eac ...

  • 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