Let A=[ -4] b= [74] what values of h, if any, will make AB=BA? A firm's...

 

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Let A=[ -4] b= [74] what values of h, if any, will make AB=BA? A firm's production function is given by q = k2l/k+41 where k and Ldenote capital and labour, respectively. a. (5 points) Show that the production function is homogenous and find the degree of homogeneity. b. (3 points) Explain your answer. A firm has a total cost function, 2q3+ 5/2 q2 + c and the fixed costs are 25. The demand function is 2p + q = 510 a. (4 points) Find an expression for the profit function in terms of q. b. (2 points) (Sketch a graph of profit function against Q. c. (2 points) Hence find the production level that maximizes profit. Let A=[ -4] b= [74] what values of h, if any, will make AB=BA? A firm's production function is given by q = k2l/k+41 where k and Ldenote capital and labour, respectively. a. (5 points) Show that the production function is homogenous and find the degree of homogeneity. b. (3 points) Explain your answer. A firm has a total cost function, 2q3+ 5/2 q2 + c and the fixed costs are 25. The demand function is 2p + q = 510 a. (4 points) Find an expression for the profit function in terms of q. b. (2 points) (Sketch a graph of profit function against Q. c. (2 points) Hence find the production level that maximizes profit.

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a The production function is q k2lk4 We can write it as q k2lk4 To check for homogeneity ... View the full answer