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(a) (b) (a) (E) Units of capital (K) HMUJ-lhu'l 0 BSA Manufacturing Sdn. Bhd. operates in a highly competitive market and its output is sold
(a) (b) (a) (E) Units of capital (K) HMUJ-lhu'l 0 BSA Manufacturing Sdn. Bhd. operates in a highly competitive market and its output is sold at RMlD per unit. The firm uses only 2 inputs, labour (L) and capital [K]. L is the variable input and K is the fixed input. Table below shows the maximum amount of Good X that can be produced using different combinations of L and K. Units of GoodX 520 660 721 366 950 378 534 684 760 882 386 430 570 644 761 246 330 430 532 580 190 245 336 316 480 1 2 3 4 5 Units of Labour (L) Assume that tile manufactln'ing department xed the quantity of capital at 2 units and increased the labour from 1 unit to 5 units. Compute the total product, marginal physical product, average physical product and marginal revenue product for every level. of Labour used . If the cost of labour is RMlDD per day, determine the optimal level of employment for thefum. Q=D.5X +2'Y+4DZ Q=3L+10K+500 Using an appropriate diagram, describe the THREE (3) types of returns to scale . Determine whether the following production functions exhibit constant ,increasing ,or decreasing returns to scale . Assume ABC Sdn. Bhd. has the short run production function written as follows : IF = 12L 0.5L 1, where TP = total output and L = number of workers employed
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