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Author Question: Explain how firms that each produce as efficiently as they can may not be equally productive. ... (Read 49 times)

newbem

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on: Jul 1, 2018
Explain how firms that each produce as efficiently as they can may not be equally productive.
 
  What will be an ideal response?

Question 2

Suppose firms A and B each make T-shirts. Firm A's production function is q = L0.5K0.5. Firm B's production function is q = 1.2  L0.5K0.5. If the two firms each hire the same amounts of capital and labor, compare the two firms in terms of APL and MPL.
 
  What will be an ideal response?
Microeconomics ¦ Perloff ¦ 8th Edition
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bd5255

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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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newbem

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Reply 2 on: Jul 1, 2018
Excellent

isabelt_18

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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