subject
Business, 25.11.2019 22:31 SamaraP

Suppose that the wage is $2 per hour and that capital also rents for $2 per hour. the slope of the isocost line is then equal to negative 11. using resulting slope value along with the above formula for the isoquant slope, compute the firm's optimal input ratio at any cost-minimizing point (recall that the isoquant and isocost slopes are equal at a tangency point). this ratio is 11 (enter a single integer). now suppose that the firm wants to produce one widget (q = 1). using your previous result on the optimal input ratio, you can compute the input levels that the firm uses to produce this output. these levels are k = 11 and l = 11. the cost of this input bundle is $44, which gives c(1) (the cost function c(q) evaluated at q=1).

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 08:20
How much does a neurosurgeon can make most in canada? give me answer in candian dollar
Answers: 1
question
Business, 22.06.2019 11:10
Which of the following is an example of a production quota? a. the government sets an upper limit on the quantity that each dairy farmer can produce. b. the government sets a price floor in the market for dairy products. c. the government sets a lower limit on the quantity that each dairy farmer can produce. d. the government guarantees to buy a specified quantity of dairy products from farmers.
Answers: 2
question
Business, 22.06.2019 11:40
Manipulation manufacturing's (amm) standards anticipate that there will be 5 pounds of raw material used for every unit of finished goods produced. amm began the month of maymay with 8,000 pounds of raw material, purchased 25,500 pounds for $ 15,300 and ended the month with 7,400 pounds on hand. the company produced 4,9004,900 units of finished goods. the company estimates standard costs at $ 1.10 per pound. the materials price and efficiency variances for the month of maymay were:
Answers: 1
question
Business, 22.06.2019 11:40
If kroger had whole foods’ number of days’ sales in inventory, how much additional cash flow would have been generated from the smaller inventory relative to its actual average inventory position? round interim calculations to one decimal place and your final answer to the nearest million.
Answers: 2
You know the right answer?
Suppose that the wage is $2 per hour and that capital also rents for $2 per hour. the slope of the i...
Questions
question
Mathematics, 15.01.2021 14:00
question
Mathematics, 15.01.2021 14:00
question
Mathematics, 15.01.2021 14:00
question
Computers and Technology, 15.01.2021 14:00
question
Mathematics, 15.01.2021 14:00
Questions on the website: 13722359