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Author Question: How much labor does a firm require to produce q = 1000 when capital is fixed at 5 and they have a ... (Read 90 times)

NClaborn

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on: Jul 1, 2018
How much labor does a firm require to produce q = 1000 when capital is fixed at 5 and they have a production function equal to q = 200L0.5K0.5?
 
  A) L = 5
  B) L = 2.5
  C) L = 200
  D) L = 2.25

Question 2

What is the MRTS for a firm with the following production function, q = 10L0.5K0.3?
 
  A) MRTS = 5K/3L
  B) The firm will substitute a constant 3 units of capital for 5 units of labor.
  C) The MRTS does not exist because labor and capital are perfect complements.
  D) None of the above.
Microeconomics ¦ Perloff ¦ 8th Edition
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katkat_flores

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Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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NClaborn

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

cassie_ragen

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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