If input prices are w = 4, and r = 1, and q = 4K^0.5L^0.5 a. What

Fantastic news! We've Found the answer you've been seeking!

Question:

If input prices are w = 4, and r = 1, and q = 4K^0.5L^0.5

a. What is the least-cost input combination required to produce 40 units of output?

b. Suppose instead that capital was fixed at 16 units. What would be the implications for labor usage and total cost?

Related Book For answer-question

Advanced Financial Accounting

ISBN: 978-0078025624

10th edition

Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker

See More Books

Posted Date: Jun 26, 2019 01:38 AM

See More Questions

Production Possibilities Schedule Country Y Sugar Country X Choice Coffee Sugar Coffee A 200 100 160 40 80 30 120 80 60 60 80 120 40 90 E 40 160 20 120 F 200 150 In the table above, if trade were to...
What is the least squares regression line, and what are the least squares point estimates?
What is the least common denominator for each pair of rational expressions? a. b. c. d. (x-3)(x + 2) x3+5x + 6
List three common situations that suggest that relations be denormalized before database implementation.
MIPS and MFLOPS were mentioned in this chapter as measures of the power of computer systems. If you were in charge of buying a new large computer system (and you might be someday), what measures of...
The City of Pfeiffer starts the year of 2017 with the general fund and an enterprise fund. The general fund has two activities: education and parks/recreation. For convenience, assume that the...
Do analytical efforts, big data examinations, and textual analyses impact compliance and fraud deterrence? Provide an explanation for your opinion.
The bookkeeper for Garfield Company has prepared the following balance sheet as of July 31, 2012. The following additional information is provided.1. Cash includes $1,200 in a petty cash fund and...
How do i make a ER digram like similar to the following using my relational model My Relational model is the following Has Applications ID Applications Applicant ID Job positions ID Employer ID Apply...
She buys five deluxe mixers on account from Kzinski Supply Co. for $2,750, terms n/30. She pays $100 freight on the January 4 purchase. Natalie returns one of the mixers to Kzinski because it was...
Consider the following table: Stock Fund Bond Fund Scenario Probability Rate of Return Rate of Return Severe recession 0.05 44% 13% Mild recession 0.25 16% 11% Normal growth 0.40 10% 4% Boom 0.30 30%...
How does standardization of financial reporting facilitate performance evaluation, planning, cross-firm comparisons, and multi-year comparisons of trends using ratios drawn from financial statements?
While closing the month of October for your accrual basis client you notice that the G&A wages are half of what was expected, and you dig in to find out why. You ask the client why and learn that one...
Received payment of $15,100 from Trudy's Plumbing in full settlement of November 7 invoice. Sales on account are subject to terms of 2/10, n/30. Discounts are taken and granted only when the terms...
Ambrosia sold some furniture at a garage sale and was paid through an online app. In January, she received a Form 1 0 9 9 - K , Payment Card and Third Party Network Transactions, reporting the...
Burgundy Corporation makes plastic and wooden picture frames. The company has assigned $107,000 in monthly manufacturing overhead costs to two cost pools as follows: $67,000 to power costs, and...
Insurance business operations are in two components, i.e. technical business and non-technical business. Briefly explain these two components and define the technical risk to which the insurance...
How do individual companies respond to economic forces throughout the globe? One way to explore this is to see how well rates of return for stock of individual companies can be explained by stock...
Great Company acquired 80 percent of Meager Corporation's common stock on January 1, 20X4, for $280,000. The fair value of the noncontrolling interest was $70,000 at the date of acquisition. Great's...
Strong Manufacturing Company holds 94 percent ownership of Thorson Farm Products and 68 percent ownership of Kenwood Distributors. Thorson has excess cash at the end of 20X4 and is considering buying...
A parent company may use on its books one of several different methods of accounting for its ownership of a subsidiary: (a) Cost method, (b) Modified equity method, or (c) Fully adjusted equity...
Will transferable or inherent comparative advantages be more impacted by the law of one price? Why?
When marginal cost equals the minimum point of average variable cost, what is true about the average productivity and marginal productivity of workers?
What determines the distance between the average total cost and the average variable cost?

If input prices are w = 4, and r = 1, and q = 4K^0.5L^0.5 a. What

Question:

Expert Answer:

q 4K05L05 Total cost C wL rK C 4L K a Cost is minimized when MPL MPK w r 4 1 4 MPL partial q partia... View the full answer

Advanced Financial Accounting

Students also viewed these accounting questions