A firm,using two inputs K and L to produce one product,whose production function is ,responds to a quantity demanded of 300 units,?the price of L is 6,while the price of K is 10,What is his optimal cost and how many units of L and K will he use?
Please prove that the marginal production (MP) curve will across the average production (AP) curve at AP’s maximum,(Provided that the production function is differentiable)
A firm produces one product using two inputs (K and L),if the production function of the firm is linearly homogeneous function,please prove the Clark-Wicksteed product-exhaustion theorem,Namely
A firm uses two inputs K and L to produce one product whose production function market is ,The market demand function for the product is P=20-Q,while the labor market is complete with wage w=4,In some period his capital K is fixed at 4 units and?,the price of K,is 10,
a) How many units of L should he use?
b) The product price P? The production Q and his profit.
Please prove that the short-run marginal cost (SMC) equal to the short-run average cost (SAC) at SAC’s minimum,(Provided that the total variable cost function is differentiable)
Please prove that the marginal production (MP) curve will across the average production (AP) curve at AP’s maximum,(Provided that the production function is differentiable)
A firm produces one product using two inputs (K and L),if the production function of the firm is linearly homogeneous function,please prove the Clark-Wicksteed product-exhaustion theorem,Namely
A firm uses two inputs K and L to produce one product whose production function market is ,The market demand function for the product is P=20-Q,while the labor market is complete with wage w=4,In some period his capital K is fixed at 4 units and?,the price of K,is 10,
a) How many units of L should he use?
b) The product price P? The production Q and his profit.
Please prove that the short-run marginal cost (SMC) equal to the short-run average cost (SAC) at SAC’s minimum,(Provided that the total variable cost function is differentiable)