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

Question

1 Approved Answer

Please explain Assume that for a given size student body, the University of Kansas produces E units of education per student with F units of

Please explain

image text in transcribed
Assume that for a given size student body, the University of Kansas produces E units of education per student with F units of faculty and C classrooms, according to the production functiOn: E = 30 F2/3c1/3 With 1000 faculty and 64 classrooms, What is the marginal product of faculty? a. 2 b. 4 c. 8 d. 10 e. None of the above

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

Step: 3

blur-text-image

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

Understanding Econometrics With Economic Applications

Understanding Econometrics With Economic Applications

Authors: Dennis Halcoussis

1st Edition

0030348064, 9780030348068

More Books

Students also viewed these Economics questions

Question

★★★★★
Determine the x and y components of each of the forces shown. 160 mm 600 mm 6S0 N 300 mn 250 mm 390 N 110 mm 610 N

Answered: 1 week ago

Question

★★★★★
A social study conducts 1000 significance tests. Of these, 50 are significant at the 0.05 level. The researchers write a report stressing only the 50 significant results, not mentioning the other 950...

Answered: 1 week ago

Question

★★★★★
6.39 Let X be a binomial random variable with n = 100 and p = 0.2. Find approximations to these probabilities: a. P(X>22) b. P(X22) c. P(20

Answered: 1 week ago

Question

★★★★★
Saunders Electronics had the following results for the year just ended: Mr. Saunders, the owner of the store, is unhappy with the operating results. An analysis of other operating costs reveals that...

Answered: 1 week ago

Question

★★★★★
On July 7, Ayayai Ltd. purchased 1,000 common shares in a privately-owned company named TWR Ltd. As the TWR shares were not traded on any stock exchange, Ayayai elected to account for the investment...

Answered: 1 week ago

Question

★★★★★
A measure of the adequacy of the amount of the government's total unrestricted net position or deficit at the measurement date is: Unrestricted net position ( governmental activities and business -...

Answered: 1 week ago

Question

★★★★★
Joaquin goes for a job interview and is surprised that the interviewer asks him about his personal standards regarding how he would handle certain situations. He expected that the focus would be on...

Answered: 1 week ago

Question

★★★★★
Using this ER-Diagram, write an SQL Statement using CONSTRAINTS command and show atleast 1 data of the database. Write down below the SQL Statements and commands that was used. PDiagnosis PAddress...

Answered: 1 week ago

Question

★★★★★
1. (a)(i) What problem has been brought about by uncontrolled mining of minerals in Kenya? (ii) Where is fluorspar mined in Kenya? (iii) Describe how trona is mined and processed in Magadi (b) (i)...

Answered: 1 week ago

Question

★★★★★
In 2001, a commercial aircraft lost all power while flying at 10,000 m over the Atlantic Ocean, about 100 km from the Azores Islands. The skilled pilot put the plane into a gliding mode and...

Answered: 1 week ago

Question

★★★★★
Domino's Pizza franchises in New York were sued by the state of New York in 2016for wage theft at 10 stores.Under New York law, a corporation and a franchiser are joint employers if they meet certain...

Answered: 1 week ago

Question

★★★★★
5.6 Describe alternatives to recruitment?

Answered: 1 week ago

Question

★★★★★
5.4 Identify external recruitment sources.

Answered: 1 week ago

Question

★★★★★
As part of the buyout package, the company will continue to pay its share of health insurance during the severance period. If Miller Furniture pays $100 per week for each employee to have health...

Answered: 1 week ago

Previous Question Next Question