QUESTION Assuming that the person reading this has very little or no previous economic knowledge, I have to address the following:For each production function determine the marginal rate of technical substitution of labour for capital and answer “yes” or “no” for each whether the production function will have a diminishing marginal productivity of labour, of […]
QUESTION Given the figure below of a system in static equilibrium, determine the mass (in kilograms) of the purple ball. The long plank is length, L, and A is 40.0% of L. The weight of the long (uniform) plank is 4.00 N. The downwards force that is being applied at the orange arrow is 15.0 […]
QUESTION A firm’s short-run total cost is TC = and its marginal cost is MC = 7,700 â 200Q + Q2. What is the firm’s shutdown price?A.$45B.$200C.$1,100D.$18 ANSWER: REQUEST HELP FROM A TUTOR
QUESTION Suppose a firm with a production function Q = KL (where MPL = K and MPK = L) is producing 125 units of output by using 5 workers and 25 units of capital. The wage rate (W) per worker is $10 and the rental rate per unit of capital (R) is $2. What happens […]
QUESTION An airplane accelerates down a runway at 3 m/s2for 30 s until is finally lifts off the ground. Determine the distance traveled before takeoff. ANSWER: REQUEST HELP FROM A TUTOR
QUESTION The firm’s long-run total cost is given by and long-run marginal cost is given by LMC = 100 â 20Q + Q2. At what output level does the firm experience economies of scale?A.Q < 175B.Q < 88C.Q < 4,000D.Q < 15 ANSWER: REQUEST HELP FROM A TUTOR
QUESTION In a perfectly competitive market with 2,000 firms, output is zero at prices less than $10. At prices greater than or equal to $10 and less than $20, each firm will produce 100 units of output. At any price greater than or equal to $20, each firm will produce 300 units of output. As […]
QUESTION A firm’s production function is given by Q = KL, where MPL = K and MPK = L. The wage rate (W) = $50 and the rental rate per unit of capital (R) is $12.50. In the short run, capital (K) is fixed at 10 units. The short-run average total cost of producing 100 […]
QUESTION Please show the formulas used and all units.1. John used a force of 300N to push his younger brother in a wagon for 500m.How much work did John do?2. How much work must be done to move a 100.0kg crate a distance of 10.0m across a floor that has a coefficient of sliding friction […]
QUESTION solid 0.4350-kg ball rolls without slipping down a track toward a loop-the-loop of radius R = 0.7350 m. What minimum translational speed vmin must the ball have when it is a height H = 1.131 m above the bottom of the loop, in order to complete the loop without falling off the track? […]
