Question: Managerial Econ. Reasoning. Express your thoughts base on the problem indicated below. You can explain your answer in words or in mathematical form. 1.Suppose Firm

Managerial Econ.

Reasoning. Express your thoughts base on the problem indicated below. You can explain your answer in words or in mathematical form.

1.Suppose Firm A has a budget of P1.5 million pesos in outsourcing inputs, labor and machines, that would lend support in its 1 year operation. Suppose further that the cost of labor for 1 year is P150,000 and for a machine is P200,000. If it decides to hire 6 laborers, how many machines would it accept?

Problem Solving. Determine for what is asked. Show your solution legibly. Improper solution will not be credited.

1.Suppose the production function of a firm is given as:

Q = 5L + 10L² - 2L³

a. Find the number of labors that would yield maximum values of TP, AP, and MP?

b.Base on the results on "a", provide a range of values that would reflect the three stages of production.

2. Consider the following graphical presentation as the optimal combination of a firm:

Managerial Econ. Reasoning. Express your thoughts base on the problem indicated below.

Capital 10 IC Labor

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

MANAGERIAL ECON. Reasoning. Express your thoughts base on the problem indicated below. You can explain your answer in words or in mathematical form. 1.Suppose you buy an accessory that will be used...

managerial econ. Reasoning. Express your thought base on the problem indicated below. You can explain your answer in words or in mathematical form. 1.Suppose Firm A has a budget of P1.5 million pesos...

Managerial economics Express your thought base on the problem indicated below. You can explain your answer in words or in mathematical form. 1.Suppose you buy an accessory that will be used in your...

part 1 Please list the scenarios you played. 1. students need to play 2 scenarios. For grading purposes, I will select the best two scenarios for graduate students and the best one for undergraduate...

I need help with a question regarding the attached document, Question: The author proposes several lessons about market efficiency that we can learn from the financial crisis. One is that there are...

PLEASE COMPLETE NO LATER THAN 10/14 @3:30PM Each question(1,2,& 3) must be a minimum of 200 words. Please EXPLAIN answers in FULL detail and make answers knowledgeable based off the attached reading,...

Question #1: The author gives several reasons why the blame cast on the EMH for the global financial crisis is unfounded. Which one makes the most sense to you? Why? Which argument do you disagree...

What are the implications for corporate financial managers of the EMH as articulated and defended by the author? Frame you answer around implications for issues such as capital raising, dividend...

I have attached the solution for week 5, the full projectand I need help solving week 6? I am struggling with parts of this and could use some help. Thank you Scenario Management has reviewed your...

In examining a franchise circular, what factors should a potential purchaser look at most closely? If your students obtained a copy of a franchise offering circular, this would be a good time to...

In Lauren Ashley Company purchased costing $230,000 and Incurred direct labor cost of $150,000. Overhead totaled $375,000 for the month. Information on inventories was as follows: September 1...

so i got this problem below. what I see in my book is that WACC = Wd ( r _ dt ) + Wps ( r _ ps ) + Ws ( r _ s or r _ e ) . it seems the formula used here i can not find it . could you please explain....

Present 3 ways that people deal with their problems in life. What does James exhort his readers to do in James 1:2-5? Do you think that is good and relevant counsel for the 21st century college...

The relevance of the information to the interpreter

The first-hand information rule: If an event is communicated to us by someone who witnessed an event at first-hand, we will have more confidence in the information than if we were told about it by...

The background knowledge of the interpreter