Homework Answers
Add Answer to:
please show all work thanks
4. Jerry runs a pizza restaurant. His production function is Q(KL)...
Please help. 4. An ice cream vendor has the following production function: Q = LM Where,...
Please help. 4. An ice cream vendor has the following production function: Q = LM Where, Q = the number of ice cream cones produced per day L = the number of workers hired per day and M = the number of ice cream machines rented per day. Associated with this production function are the following marginal product relationships: MPL = M, and MPM = L a) Plot the isoquant for 100 ice cream cones per day b) Find the...
please complete the graph also..thank you! 7. Long-run cost Suppose Ernie is opening a new restaurant...
please complete the graph also..thank you!
7. Long-run cost Suppose Ernie is opening a new restaurant that will produce pizzas using a combination of workers (L) and ovens (K). Ernie knows from experience that the total number of pizzas he can produce in an hour is given by the function q= 10K0.5 0.5 . Ernie can rent ovens for an hourly cost of $10 and must pay his employees $10 per hour. ($10 + K) * ($10 + L) Therefore,...
Touchie MacFeelie publishes comic books. The only inputs he needs are old jokes and cartoonists. His production function is Q = J1/2 * L3/4
Touchie MacFeelie publishes comic books. The only inputs he needs are old jokes and cartoonists. His production function is Q = J1/2 * L3/4, where J is the number of old jokes used, L the number of hours of cartoonists’ labor used as inputs, and Q is the number of comic books produced.1) Touchie MacFeelie’s irascible business manager, Gander Mac-Grope, announces that old jokes can be purchased for $1 each and thatthe wage rate of cartoonists’ labor is $2.(a) Suppose...
please complete the graph also..thank you!
7. Long-run cost Suppose Ernie is opening a new restaurant that will produce pizzas using a combination of workers (L) and ovens (K). Ernie knows from experience that the total number of pizzas he can produce in an hour is given by the function q= 10K0.5 0.5 . Ernie can rent ovens for an hourly cost of $10 and must pay his employees $10 per hour. ($10 + K) * ($10 + L) Therefore,...
Most questions answered within 3 hours.
-
The x component of the velocity of an object vibrating
along the x-axis obeys the equation...
asked 22 minutes ago -
A junction box contains two trade size 2 raceways on the left
side, and two trade...
asked 55 minutes ago -
Atmospheric Mass
Venus and Earth have about the same mass and radius, but the
atmospheric pressure...
asked 1 hour ago -
5. Discuss the use of fault tree analysis (FTA) for risk
assessment (maximum one paragraph).
asked 2 hours ago -
Given that a sample of aluminium oxide has a Young's modulus of
393 GPa and a...
asked 4 hours ago -
At a certain temperature, the equilibrium constant, Kc, for this
reaction is 53.3.
H2(g)+I2(g)−⇀↽−2HI(g)Kc=53.3
At this...
asked 5 hours ago -
Question1 ) The STL provides similiar classes called stack and
queue, both of which gave functions...
asked 6 hours ago -
For Questions 1-4, assume you have 5 bits available:
1. For (positive) integers: What is the...
asked 6 hours ago -
convert grams into vloume with the density of water being at
.997514 g/cm^3 at 23.1 Celsuis...
asked 8 hours ago -
Foreman company obtained a $20,000, 6% loan on May 1, 2018.
Principal and interest will be...
asked 8 hours ago -
5. Problem 11.05 (Discounted Payback)
eBook
Project L costs $60,000, its expected cash inflows are $14,000
per...
asked 9 hours ago -
1. Which of the following is true about politics and health
organizations?
A. Health organizations are...
asked 9 hours ago