A firm can manufacture a product according to the, Business Economics

+44 141 628 6080
[email protected]

A firm can manufacture a product according to the

A firm can manufacture a product according to the production function:

Q = 100 K^3/4L^1/4

a. Calculate the APL when the level of capital is fixed at 16 units and the firm uses 16 units of labor. How does the APL change when the firm uses 81 units of labor?

b. Find an expression for the marginal product of labor, MPL, when the amount of capital is fixed at 16 units. Then illustrate that the MPL depends on the amount of labor hired by calculating the marginal product of labor for 16 and 81 units of labor.

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Business Economics: A firm can manufacture a product according to the

Reference No:- TGS02182943

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Business Economics

Q : 1 suppose kevin has the cobb-douglas utility function ux y

1 suppose kevin has the cobb-douglas utility function ux y xay1-a where 0ltalt1nbsp nbspnbspx gt0 and y gtnbsp0 his

Q : Barta therefore could not obtain a leasing agreement

barta entered into a written contract to buy the kampk pharmacy located in a local shopping center included in the

Q : In physics energy is defined as the ability to do work when

assignment discussion-fossil fuels versus renewable energyin physics energy is defined as the ability to do work when

Q : They need forms for the art decals create the solid

your companys graphics department is designing ornaments for various holidays they need forms for the art decals create

Q : A firm can manufacture a product according to the

a firm can manufacture a product according to the production functionq 100 k34l14a calculate the apl when the level of

Q : Jacobs owner of a farm entered into a contract with earl

jacobs owner of a farm entered into a contract with earl walker in which walker agreed to paint the buildings on the

Q : Assume that the product below generates external costs in

assume that the product below generates external costs in consumption of 3 per unitwhat is the socially optimal

Q : One of the skills of the economist as defined in chapter 1

introduction to economics book the economic way of thinkingassignment at least 125 words for each question need a total

Q : When schlosser unilaterally revoked her lsquolsquooffer

schlosser entered into an agreement to purchase a cooperative apartment from flynn company the written agreement

1932385

Questions
Asked

3,689

Active Tutors

1445183

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Asked Questions

Statement about political systems controlled by men

Multiple Choice Question Identify a true statement about political systems controlled by men. Multiple choice question.

How is it rational for the owner of a factory or plantation

How is it rational for the owner of a factory or plantation to work his laborers to death or disability when they can easily be replaced cheaply?

How sociological models help understand mental illness

Based on the chapter by Allen Furr on the sociology of mental illness, How do sociological models help you understand mental illness differently

Which of the things happened first

Which of the following things happened first? Group of answer choices Women gained the right to vote Seneca Falls Convention Margaret

Discuss statements about sociological approaches

Question: Which of the following statements about sociological approaches are true?

Discussion about idea of the tramp stamp

Jane is doing a study about tattoos. She is interested in studying the idea of the "tramp stamp" (a tattoo in the small of a woman's back).

How the major schools of thought within sociology

Question: Discover how the major schools of thought within sociology explain social stratification.