A firm has two variable factors and a production function f (x1, x2) = 2x1 + 4x2.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 72% (18 reviews)
a If the price of the output good is 4 the price of f...View the full answer
Answered By
Wahome Michael
I am a CPA finalist and a graduate in Bachelor of commerce. I am a full time writer with 4 years experience in academic writing (essays, Thesis, dissertation and research). I am also a full time writer which assures you of my quality, deep knowledge of your task requirement and timeliness. Assign me your task and you shall have the best.
Thanks in advance
4.90+
63+ Reviews
132+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
23. For the equation x +x-6=0, the roots are 1) one and only one real number 2) real with sum one 3) real with sum zero 4) real with product zero 24. If 203-22 = (40/5)**, then x = 3(40/5)** 24. If...
-
A firm has two variable factors and a production function, f(x 1 , x 2 ) = x 1 1/2 x 2 1/4 . The price of its output is 4. Factor 1 receives a wage of w 1 and factor 2 receives a wage of w 2 . (a)...
-
A firm has two factories for which costs are given by: The firm faces the following demand curve: P 700 5Q where Q is total output i.e., Q Q1 Q2. a. On a diagram, draw the marginal cost curves...
-
Suppose that we want to know the mass of gasoline in an automobile's gas tank. The tank has a volume of 70 L, and a handbook of fluid properties states that the density of gasoline is 736 kg/m. (1000...
-
The MaxwellBoltzmann distribution function f(u) increases at small values of u and decreases at large values of u. Identify the parts of the function responsible for this behavior.
-
A dolphin jumps with an initial velocity of 12.0 m/s at an angle of 40.0 above the horizontal. The dolphin passes through the center of a hoop before returning to the water. If the dolphin is moving...
-
The specifications for a certain mass-produced valve prescribe a testing procedure according to which each valve can be classified as satisfactory or unsatisfactory (defective). Past experience has...
-
The accounts in the ledger of Diva Co. as of July 31, 2012, are listed in alphabetical order as follows. All accounts have normal balances. The balance of the cash account has been intentionally...
-
According to Governance, Risk & Compliance (2023), Jessica Fountaine, a woman from Florida got arrested on suspicion of fraud and third-degree grand theft in connection with a resident of Brandon...
-
A supermarket has the following minimum personnel requirements during the week. Each employee is required to have two consecutive days off. How many regular employees are required and what is a good...
-
A firm has two variable factors and a production function f (x1, x2) = x11/2x12/2. The price of its output is 4, the price of factor 1 is w1, and the price of factor 2 is w2. (a) Write the two...
-
A profit-maximizing firm produces one output, y, and uses one input, x, to produce it. The price per unit of the factor is denoted by w and the price of the output is denoted by p. You observe the...
-
Show that , , and form a functionally complete collection of logical operators.
-
SUPPORTING INFORMATION TO ANSWER THE QUESTION: (a3) The basic earnings per share for 2018. (Round answers to 2 decimal places, e.g. 15.25. Enter negative amounts using either a negative sign...
-
Is this 2-Tail test? Or 1-Tail test? In this case what I use for H0? I know the standard deviation, what number represent The mean in the equation is it 1955? Or 1800? For the Bank the average...
-
GING SCHEDULE ACCOUNT RECEIVABLE AMOUNT ALLOWANCE FOR UNCOLLECTIBLE UNCOLLECTIBLE AMOUNT 1-30 days $ 2% $1,400 31-60 days $ 8% $12,000 61-90 days $ 10% $7,500 Total Uncollectible Balance $20,900...
-
InfluTaining is a new promotions company formed by three former ad executives who had previous careers in large multi-service advertising agencies. Over the years, they developed close ties with a...
-
You are hired to work on their sales promotion team and asked to review their evaluation strategy. So far, they plan to collect and analyze sales data from before and after each new strategy is...
-
Find a power series for the function, centered at c, and determine the interval of convergence. f(x) 2 50+4 c = -1
-
At Glass Company, materials are added at the beginning of the process and conversion costs are added uniformly. Work in process, beginning: Number of units Transferred - in costs Direct materials...
-
If the supply curve is given by S(p) = 100 + 20p, what is the formula for the inverse supply curve?
-
In the preceding exercise, which bundle is preferred by the consumer, the x-bundle or the y-bundle?
-
When prices are (p 1 , p 2 ) = (1,2) a consumer demands (x 1 ,x 2 ) = (1,2), and when prices are (q 1 , q 2 ) = (2,1) the consumer demands (y 1 , y 2 ) = (2,1). Is this behavior consistent with the...
-
Sandy Bank, Incorporated, makes one model of wooden canoe. Partial information is given below. Required: 1. Complete the following table. 2. Suppose Sandy Bank sells its canoes for $510 each....
-
FIFO and LIFO costs under perpetual inventory system The following units of an item were available for sale during the year: 29 units at $44 Beginning inventory Sale 26 units at $64 First purchase 15...
-
Pie Corporation acquired 75 percent of Slice Company's ownership on January 1, 20X8, for $93,000. At that date, the fair value of the noncontrolling interest was $31,000. The book value of Slice's...
Study smarter with the SolutionInn App