Business, 24.03.2020 02:24 BREBRE8932
Consider the production function Q = aLb where b > 1.Take the first differentiontiation of Q with respect to L. \partial Q/\partial L =ab > 0.Hence the Marginal product of labor is positive .Lets check whether there is diminishing return to labor or not. Again take the second order partial derivative with respect to Labor. \partial ^2Q/\partial L^2 =0.This means that there is constant return to labor. thus, this implies that if the labor increases by 10 units then output also increase by 10 units.
Answers: 1
Business, 21.06.2019 22:10
Arival company manufactures fuel tanks for cars using a different production technique. the total weekly cost (in dollars) of producing x tanks is given by c(x) = 10000 +90x - 0.04x2 find the marginal cost at a production level of 500 fuel tanks per week to approximate the cost of the 501st unit (round to the nearest 2 decimal places, if needed)
Answers: 3
Business, 22.06.2019 05:00
Personal financial planning is the process of creating and achieving financial goals? true or false
Answers: 1
Business, 22.06.2019 19:00
12. to produce a textured purée, you would use a/an a. food processor. b. wide-mesh sieve. c. immersion blender d. food mill.
Answers: 1
Business, 22.06.2019 20:00
If a hotel has 100 rooms, and each room takes 25 minutes to clean, how many housekeepers working 8-hour shifts does the hotel need at 50 percent occupancy?
Answers: 1
Consider the production function Q = aLb where b > 1.Take the first differentiontiation of Q with...
English, 17.02.2021 22:50
Mathematics, 17.02.2021 22:50
Biology, 17.02.2021 22:50
SAT, 17.02.2021 22:50
Biology, 17.02.2021 22:50
Mathematics, 17.02.2021 22:50
Biology, 17.02.2021 22:50
Spanish, 17.02.2021 22:50
Mathematics, 17.02.2021 22:50
Social Studies, 17.02.2021 22:50