« previous next »

Author Question: What is the MRTS for a firm with the following production function , q = 200L0.5K0.5 with L = 4 and ... (Read 67 times)

s.tung

  • Hero Member
  • *****
  • Posts: 577
on: Jul 1, 2018
What is the MRTS for a firm with the following production function , q = 200L0.5K0.5 with L = 4 and K = 16?
 
  A) MRTS = -4
  B) MRTS = -2
  C) MRTS = -1
  D) MRTS = -8

Question 2

How much capital does a firm require to produce q = 3200 when labor is 4 and they have a production function equal to q = 200L0.5K0.5?
 
  A) K = 64
  B) K = 8
  C) K = 16
  D) K = 25
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


mrphibs

  • Sr. Member
  • ****
  • Posts: 307
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Structure and function of a chemical synapse. Structure and function of a chemical synapse.
Antiparkinson Drugs Focus on Restoring Dopamine Function and Blocking Cholinergic Activity in the Ni Antiparkinson Drugs Focus on Restoring Dopamine Function and Blocking Cholinergic Activity in the Ni
How to plot a sine function containing an amplitude and phase shift (Question 1 of 3) How to plot a sine function containing an amplitude and phase shift (Question 1 of 3)
How to use the product rule to find the derivative of a function How to use the product rule to find the derivative of a function
Greet a First-Time Client With a Firm Handshake. Greet a First-Time Client With a Firm Handshake.
Anterior pituitary function Anterior pituitary function
Video: Skin Cancer

For a complete list of videos, visit our video library