This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: How much labor does a firm require to produce q = 1000 when capital is fixed at 5 and they have a ... (Read 43 times)

NClaborn

  • Hero Member
  • *****
  • Posts: 560
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

katkat_flores

  • Sr. Member
  • ****
  • Posts: 328
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.
Answer Preview
Only 55% of students answer this correctly


NClaborn

  • Member
  • Posts: 560
Reply 2 on: Jul 1, 2018
Wow, this really help

lcapri7

  • Member
  • Posts: 350
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

A fixed action pattern elicited by a sign stimulus. A fixed action pattern elicited by a sign stimulus.
John Lewis Krimmel’s painting of the Fourth of July in Centre Square Philadelphia (1812) shows the d John Lewis Krimmel’s painting of the Fourth of July in Centre Square Philadelphia (1812) shows the d
Examples of the most common X-ray positions and the images they produce. Examples of the most common X-ray positions and the images they produce.
Firm handshake Firm handshake
A sample of baking soda is heated and releases carbon dioxide gas into a 1000-mL A sample of baking soda is heated and releases carbon dioxide gas into a 1000-mL
Three queens, fertile females in species that have a reproductive division of labor. Three queens, fertile females in species that have a reproductive division of labor.
Video: Heart sounds

For a complete list of videos, visit our video library