Question 1 what amounts of the inputs x y and z should a, Ask an Expert

Economics

Question: 1. What amounts of the inputs x, y and z should a firm use to maximize output if it faces the production function Q = 2x0.4y0.2z0.6 and it has a budget of £600, given that the prices of x, y and z are respectively £4, £1 and £2 per unit?

2. A firm buys the inputs x, y and z for £5, £10 and £2 respectively per unit. If its production function is Q = 60x0.2y0.4z0.5 how much can it produce for an outlay of £8,250?

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M92291109

Have any Question?Write your Review or question?

Related Questions in Microeconomics

Question suppose the current us-uk exchange rate is 066

Question: Suppose the current U.S.-UK exchange rate is 0.66 pounds (the pound is the UK currency) per dollar, and the aggregate price level is 185 for the U.S. and 134 for the UK. a. What is the real exchange rate? The r ...

Question analyze the various factors contributing to

Question: Analyze the various factors contributing to poverty and determine which single factor plays the most significant role. Provide a specific example to support your response. Discuss how developed nations contribu ...

Question you can choose between machine a or b your

Question: You can choose between Machine A or B. Your interest rate is 6%. You need a Machine for an infinite time. a. Machine A costs $22,000 and lasts for 3 years. It has no salvage value and costs an additional $15,00 ...

Question between 1992 and 2002 the university of

Question: Between 1992 and 2002, the University of California's stock market holdings underperformed market averages by $2.3 billion. Officials pointed out that the loss was unimportant because they actually grew by $20 ...

Question - the political and economic system of a country

Question - The political and economic system of a country can significantly impact the ability of a firm to generate profits. Describe the importance of property rights for generating profits. Also, using either the Inde ...

Question - andy lange president of the university of south

Question - Andy Lange, president of the University of South Wisconsin, is concerned with the declining business at the University Book Store. The students tell him that the prices are simply too high. Andy, however, has ...

Question a commercial real estate developer plans to borrow

Question: A commercial real estate developer plans to borrow money to finance an upscale mall in an exclusive area of the city. The developer plans to get a loan that will be repaid with uniform payments of exist400,000 ...

Question to ensure safety and efficacy the food and drug

Question: To ensure safety and efficacy, the Food and Drug Administration regulates the medicines that are allowed to be sold in the United States. Sometimes this means a drug must be tested for years before it is allowe ...

Question as king of medivaliayou are constantly strapped

Question: As king of Medivalia,you are constantly strapped for funds to pay your army.Your chief economic wizard suggests the following plan:"When you collect your tax payments from your subjects,insist on being paid in ...

Question suppose that there are two industries and two

Question: Suppose that there are two industries and two consumers. Each industry uses both capital K and labor L in the production process, and each produces a different good, X in one and Y in the other. Consumers get u ...

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 Microeconomics Expert