Business, 06.05.2020 00:07 zoedaejohnson

You just purchased an existing business that produces solar panels according to the following production function:

Q=K0.5L0.5

The business currently has 25 units of capital, which cost $1 each, and no workers. Your first order of business is to hire workers and begin production. Workers can be hired for $1 each.

The market price for the panels that you produce just fell to $100. How much profit, if any, will you make if you produce solar panels given the existing capacity (short run)?

4. You just purchased an existing business that produces solar panels according to the following production function:

Q=K0.5L0.5

The business currently has 25 units of capital, which cost $1 each, and no workers. Your first order of business is to hire workers and begin production. Workers can be hired for $1 each.

The market price for the panels that you produce just fell to $100. How much profit, if any, will you make if you produce solar panels given the existing capacity (short run)?

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 19:50

Which of the following best explains why treasury bonds have an effect on the size of the money supply? a. the amount of treasury bonds in circulation affects both unemployment and inflation. b. the government can spend more money and charge lower taxes by using treasury bonds. c. the federal reserve bank can buy and sell these bonds to raise or lower bank deposits. d. the interest paid on treasury bonds influences the interest rates charged by private banks. 2b2t

Answers: 1

Answer

Business, 22.06.2019 20:00

Because this market is a monopolistically competitive market, you can tell that it is in long-run equilibrium by the fact thatmr=mc at the optimal quantity for each firm. furthermore, a monopolistically competitive firm's average total cost in long-run equilibrium isless than the minimum average total cost. true or false: this indicates that there is a markup on marginal cost in the market for engines. true false monopolistic competition may also be socially inefficient because there are too many or too few firms in the market. the presence of the externality implies that there is too little entry of new firms in the market.

Answers: 3

Answer

Business, 22.06.2019 20:30

What could cause a production possibilities curve to move down and to the left? a.) a nation loses land after being defeated in a war. b.) an increase in the use of computer technology speeds up production c.) a baby boom 20 years ago results in a large number of young adults in the population today. d.) thousands of investors from overseas invest money in a nations economy.

Answers: 1

Answer

Business, 22.06.2019 20:40

Answer the questions about keynesian theory, market economics, and government policy. keynes believed that there were "sticky" wages and that recessions are caused by increases in prices. decreases in supply. decreases in aggregate demand (ad). increases in unemployment. keynes believed the government should increase ad through increased government spending, but not tax cuts. control wages to increase employment because of sticky wages. increase employment through tax cuts only. increase as through tax cuts. increase ad through either increased government spending or tax cuts. intervene when individual markets fail by controlling prices and production.

Answers: 2

Answer

You know the right answer?

You just purchased an existing business that produces solar panels according to the following produc...

Questions