The average number of yards gained by a college football team on a passing play is 8 - 12r, where r is the fraction of their total plays that are running plays. Their average gain per running play is 10 - 8r. What is their optimal fraction of running plays? At this value of r, what is the average gain per pass? The average gain per run
Answer to relevant QuestionsSuppose you are a baseball pitcher with two pitches, fastball and curve. Your opponents’ batting averages against these two pitches are as shown in the diagram below. If your goal is to minimize your opponents’ overall ...Sketch the short- run TC, VC, FC, ATC, AVC, AFC, and MC curves for the production function Q = 3KLWhere K is fixed at 2 units in the short run, with r = 3 and w = 2.A firm has a long- run total cost function: LTC (Q) = Q3 - 20Q2 + 220QDerive expressions for long-run average cost and marginal cost, and sketch these curves.A firm with the production functionQ (K, L) = 2L√KLis currently utilizing 8 units of labor and 2 units of capital. If this is the optimal input mix, and if total costs are equal to 16, what are the prices of capital and ...Each of 1000 identical firms in the competitive peanut butter industry has a short- run marginal cost curve given by SMC = 4 + QIf the demand curve for this industry is P = 10 - 2Q/1000What will be the short- run loss in ...
Post your question