What is the optimal choice of l and k for the firm, Microeconomics

+44 141 628 6080
[email protected]

What is the optimal choice of l and k for the firm

M&O Construction has the production function Q=6L+36K. The price of capital r=$30.

a) What would the price of labour (w) have to be in order for the firm to choose to use both capital and labour as inputs?

b) Suppose w=6 and target output is 720. What is the optimal choice of L and K for this firm?

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: What is the optimal choice of l and k for the firm

Reference No:- TGS0510576

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Microeconomics

Q : Discuss how the marketing strategy for the car needs

The Green Motorcar company is producing a new car. It is flex-fuel plug-in hybrid. A flex=fuel vehicle has an engine that runs on various combinations of ethanol, methanol and gasoline.

Q : Debbie snyder has just graduated

Your parents are retired and have expressed concern about the really low interest rates they’re earning on their savings. They’ve been approached by an advisor who says he has a “sure-fire” way to get them higher returns. W

Q : Explain the role of government in international trade

Explain the role of government in international trade, the various levels of economic integration, and the impact on international marketing.

Q : Adequate system of internal control

Under The Sarbanes-Oxley Act of 2002 (SOX), all publicly traded U.S. corporations are needed to maintain adequate system of internal control, corporate executives and boards of directors must ensure that these controls are reliable and effec

Q : What is the optimal choice of l and k for the firm

What would the price of labour (w) have to be in order for the firm to choose to use both capital and labour as inputs? Suppose w=6 and target output is 720. What is the optimal choice of L and K for this firm?

Q : Organizational design to many of their curricula

Over the prior 2 decades, business schools have added needed courses on organizational design to many of their curricula. Why have they done this?

Q : Find the marginal cost curve for each firm

Find the marginal cost curve for each firm? Find out the short-run equilibrium price, total market quantity, and quantity per firm in this industry.

Q : Identify what strategic leadership skills are needed

Identify what strategic leadership skills are needed for your entrepreneurial venture to take it to the next growth level. How will you evaluate the leaders in your venture to determine if they have the strategic leadership skills needed?

Q : Describe the types of innovations or improvements

Understanding supply chain and how the consumer can play a critical role in the supply chain is an important part of developing and implementing a strategy.

1960321

Questions
Asked

3,689

Active Tutors

1458429

Questions
Answered

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

ask Question

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: What is the optimal choice of l and k for the firm

Reference No:- TGS0510576

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : Discuss how the marketing strategy for the car needs

Q : Debbie snyder has just graduated

Q : Explain the role of government in international trade

Q : Adequate system of internal control

Q : What is the optimal choice of l and k for the firm

Q : Organizational design to many of their curricula

Q : Find the marginal cost curve for each firm

Q : Identify what strategic leadership skills are needed

Q : Describe the types of innovations or improvements

Medication for postoperative nausea and vomiting

Child prescribed prednisone for exacerbation of asthma

What if a parent of hispanc origin informs nurse of plans

How health care reimbursement is delivered

How to improve overall health of elementary school children

How would you instruct the patient to taper off clonazepam

How to prevent interference with an intravenous infusion

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: What is the optimal choice of l and k for the firm

Reference No:- TGS0510576

Recent Questions Asked Microeconomics

Q : Discuss how the marketing strategy for the car needs

Q : Debbie snyder has just graduated

Q : Explain the role of government in international trade

Q : Adequate system of internal control

Q : What is the optimal choice of l and k for the firm

Q : Organizational design to many of their curricula

Q : Find the marginal cost curve for each firm

Q : Identify what strategic leadership skills are needed

Q : Describe the types of innovations or improvements

Asked Questions