« 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 68 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?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Overview of protein structure and function Overview of protein structure and function
Part C - Structure and function of the human brain Part C - Structure and function of the human brain
Prolonged abuse leads to production of stress hormones that can lead to a cascade of effects ... Prolonged abuse leads to production of stress hormones that can lead to a cascade of effects ...
Hypothetical Range of Perceived Brightness (in jnds) as a Function of Intensity Hypothetical Range of Perceived Brightness (in jnds) as a Function of Intensity
How to find an angle in radians for any given trigonometric function How to find an angle in radians for any given trigonometric function
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.
Video: Michaelis–Menten equation & Kinetic parameters

For a complete list of videos, visit our video library