A production function shows a firm how to ______. a) maximize profit b) maximize output c) minimize
Question:
A production function shows a firm how to ______.
a) maximize profit
b) maximize output
c) minimize losses
d) minimize output
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
The correct answer is d minimize output Heres why A production function is a mathematical equati...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Multiple Choice Questions: 1. The long run a. Is a period in which a firm can adjust all its inputs. b. Can vary in length from industry to industry. c. Is a period in which all costs are variable...
-
CANMNMM January of this year. (a) Each item will be held in a record. Describe all the data structures that must refer to these records to implement the required functionality. Describe all the...
-
Image transcription text Module 5 Discussion A' Instructions: This discussion will be completed in two parts, and will give you an opportunity to reect upon this week's content and to interact with...
-
Do you agree or not? Specialization of labor and better use of capital goods can initially generate increasing marginal output (returns) for a firm in the production of a good.
-
Given the transactions in M3-6 [including transaction (a)], prepare an income statement for Bill's Extreme Bowling, Inc., for the month ended July 31, 2014. (This income statement would be considered...
-
What are the four conditions of a Reg D offering that are covered under Rule 502?
-
3. What is the meaning of a devise in estate accounting?
-
Paulas basis in her partnership interest is $60,000. In liquidation of her interest, the partnership makes a proportionate distribution to Paula of $20,000 of cash and inventory (basis of $5,000 and...
-
Why should financial statements be formatted using a consistent set of guidelines? A. Formatted financial statements are easier to understand than unformatted statements. B. Formatted financial...
-
When total output is maximized, marginal output is ________. a) rising b) falling c) positive d) negative e) zero
-
If price is above ATC, the firm will ______. a) shut down in the short run and go out of business in the long run b) shut down in the short run and stay in business in the long run c) operate in the...
-
TAN LP was formed in 2003 as a limited partnership by a corporate general partner and nine individual limited partners to own and operate rental real estate. The LP originally acquired commercial...
-
Question 2: Response to John Ripley?
-
Prepare a summary of the effects of the "fat tax" on the demand and supply diagram. Ensure you talk about the dead weight loss. PRICE D Tax Revenue S P1 P2 TAX P3 Dead Weight Loss QUANTITY QeAT QeBT...
-
Trade causes production in Home to move from point A to point B. What does this mean happened to the relative price of Qc? QF Home QF1 A QF2 Qc Qc2 Qc2
-
Write as an ordered pair the coordinates of the point whose y-coordinate is 3 and whose x-coordinate is -7. X Viewing Saved Work Revert to Last Response
-
1. A cereal manufacturer tests their equipment weekly to be assured that the proper amount of cereal is in each box of cereal. The company wants to see if the amount differs from the stated amount on...
-
The data set on body fat contains 15 body measurements on 250 men from 22 to 81 years old. Is average %Body Fat related to Weight? Here's a scatter plot: And here's the simple regression: a) Is the...
-
(a) Find the equation of the tangent line to f(x) = x 3 at the point where x = 2. (b) Graph the tangent line and the function on the same axes. If the tangent line is used to estimate values of the...
-
1. Arrows up or down: A decrease in the supply of nurses wills ________ the equilibrium wage and ________ the equilibrium quantity of nursing services. 2. Arrows up or down: An increase in the demand...
-
1. Arrows up or down: A decrease in the supply of nurses wills ________ the equilibrium wage and ________ the equilibrium quantity of nursing services. 2. Arrows up or down: An increase in the demand...
-
1. Arrows up or down: A decrease in the supply of nurses wills ________ the equilibrium wage and ________ the equilibrium quantity of nursing services. 2. Arrows up or down: An increase in the demand...
-
3. The nominal interest rate compounded monthly when your $7,000 becomes $11,700 in eight years is ________
-
An investor can design a risky portfolio based on two stocks, A and B. Stock A has an expected return of 21% and a standard deviation of return of 39%. Stock B has an expected return of 14% and a...
-
Advanced Small Business Certifica Drag and Drop the highlighted items into the correct boxes depending on whether they increase or decrease Alex's stock basis. Note your answers- you'll need them for...
Study smarter with the SolutionInn App