« 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 66 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?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Part C - Structure and function of the human brain Part C - Structure and function of the human brain
Sine Function Gif Sine Function Gif
How to vertically shift a quadratic function along the y-axis How to vertically shift a quadratic function along the y-axis
Testing motor function of cranial nerve VII - Frown Testing motor function of cranial nerve VII - Frown
State the transformations on the function f(x)= 4sin(x-pi)-2 and then graph two cycles below. State the transformations on the function f(x)= 4sin(x-pi)-2 and then graph two cycles below.
Quadratic Function on a Banana Quadratic Function on a Banana
Video: Bacteriophage (Virus) - Mice Experiment

For a complete list of videos, visit our video library