FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please answer correct calculation asap plz Don't answer by pen paper plz A company has 2900 dollars to invest, which must be divided between capital

Please answer correct calculation asap plz

Don't answer by pen paper plz

A company has 2900 dollars to invest, which must be divided between capital expenditures and labor. Each unit of labor costs the company 40 dollars, and each unit of capital costs 40 dollars. Therefore 40L+20K=2900, where L and K are the units of labor and capital, respectively. Production output is modeled by the Cobb-Douglas formula P=L0.8K0.2.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Public Administration And Law

Public Administration And Law

Authors: David H Rosenbloom, Rosemary O'Leary, Joshua M Chanin

3rd Edition

1439803986, 9781439803981

More Books

Students also viewed these Economics questions

Question

★★★★★
Think of something that you know to be true based on the Method of Experience, the Method of Intuition, or the Method of Authority. Could you test your knowledge using the Method of Science? How...

Answered: 1 week ago

Question

★★★★★
On December 1, 2020, Papadopoulos Seasonings had the following account balances. During December, the company completed the following transactions. Dec. 7 Received 3,600 cash from customers in...

Answered: 1 week ago

Question

★★★★★
Maria has bought a toy which contains a bag with the 26 letters of the alphabet in it. (i) Maria selects five letters at random. What is the probability that the letters she chose can be rearranged...

Answered: 1 week ago

Question

★★★★★
1. Describe the experiential learning process that companies mentioned in this case study apply to learn from their mistakes and failures. 2. What perceptual problems do managers need to overcome...

Answered: 1 week ago

Question

★★★★★
is vork ula/Test The accounts of Melissa Manufacturing showed the following balances at the beginning of December Account Debit Raw Materials Inventory $60,000 Work-in - Process Inventory 76,000...

Answered: 1 week ago

Question

★★★★★
A power company burns approximately 474 tons of coal per day to produce electricity. If the sulphur content of the coal is 1.30 % by weight, how many tons SO are dumped into the atmosphere each day?

Answered: 1 week ago

Question

★★★★★
Explain the process of MBO

Answered: 1 week ago

Question

★★★★★
What is the H-C-H bond angle in a methane molecule? [A] 120 [B] 75 [C] 109.5 [D] 150

Answered: 1 week ago

Question

★★★★★
Which of the following metals finds its use as a radiocontrast agent in X-ray imaging? [A] Scandium [B] Lithium [C] Barium [D] Titanium

Answered: 1 week ago

Question

★★★★★
What are the structures formed by the soap molecules, during cleansing, known as? [A] Stearates [B] Esters [C] Micelles [D] Tubes

Answered: 1 week ago

Question

★★★★★
Which one of the following materials is very hard and very ductile? [A] Carborundum [B] Tungsten [C] Cast iron [D] Nichrome

Answered: 1 week ago

Question

★★★★★
7. Give examples of the following when you formulate a social problem or phenomenon: a) When you generalize from reality. b) When you choose something from social reality and do not choose some-thing...

Answered: 1 week ago

Question

★★★★★
5. Give examples of binary thinking.

Answered: 1 week ago

Question

★★★★★
2. In this chapter, the reader should reflect on the following concepts: Social facts, concrete fallacy, constructs, overestimation error.

Answered: 1 week ago

Previous Question Next Question