Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 12, 2024

pls answer asap The short-run production function for a firm is Q = 40L2/3, where Q is output and L is labour. What is the

pls answer asap

The short-run production function for a firm is Q = 40L2/3, where Q is output and L is labour. What is the average product of labour? O a. APL = 16.67L O b. AP, = 40/L 1/3 O c. APL = 40/L O d. APL = 1/40L

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 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

Microeconomics

Authors: Robert Pindyck, Daniel Rubinfeld

8th edition

978-0132870436, 132870436, 013285712X, 978-0133371178, 133371174, 978-0132857123

More Books

Students also viewed these Economics questions

Question

★★★★★

You obtained a loan of $20,000 to finance an automobile. Based on monthly compounding over 36 months, the end-of-the-month equal payment was figured to be $650.52. What APR was used for this loan?

Answered: 1 week ago

Question

★★★★★

Exercise 1 Presented below is the trial balance of Lou Bernardo Company for December 31, 2016. Lou Bernardo Company Trial Balance December 31, 2016 P18,000 P84,000 Cash 19,800 Accounts Receivable...

Answered: 1 week ago

Question

★★★★★

In a logistic regression model what is the form of (a) logit[????(???? = 1|????)]. (b) ????(???? = 1| ????). (c) ????(???? = 0| ????).

Answered: 1 week ago

Question

★★★★★

Time cards are being entered into the accounting system for four employees. The costs for Employee 1 are to be billed to job cost code 302.01.01100L. Ten hours of Employee 2 time is to be billed to...

Answered: 1 week ago

Question

★★★★★

1/ On February 15, Jewel Company buys 7,300 shares of Marcelo Corp. common stock at $28.56 per share plus a brokerage fee of $410. The stock is classified as available-for-sale securities. This is...

Answered: 1 week ago

Question

★★★★★

QUESTION 2 1. Ms. Early Saver has decided to invest $1,000 at the end of each year for the next 10 years, then she will just let the amount compound for 25 additional years. Her brother, Late Saver,...

Answered: 1 week ago

Question

★★★★★

Explain what early thoughts and beliefs existed about what caused mental illness. Describe one of the psychological traditions and how it furthered the beliefs about what causes mental illness from...

Answered: 1 week ago

Question

★★★★★

13. The following data pertain to Wistron Company's two products: Product X Product Y Sales in dollars $100,000 $80,000 Contribution margin ratio 48% 30% If fixed expenses for the company as a whole...

Answered: 1 week ago

Question

★★★★★

Rose Corporation manufactures state-of-the-art DVD players. It is a division of Sany TV, which manufactures televisions. Rose sells the DVD players to Sany, as well as to retail stores. The following...

Answered: 1 week ago

Question

★★★★★

Lucky Lady Inc.: Preparing comprehensive statement of cash flows (LO 20-1, LO 20-2, LO 20-3, LO 20-4) The income statement for the year ended December 31, 20X1, as well as the balance sheets as of...

Answered: 1 week ago

Question

★★★★★

TASK C: TECHNIQUES TO MANAGE TEAM HEALTH AND WELLBEING CASE SCENARIO: MATRIX HOMES A building and construction company called Matrix Homes is a medium sized business with 92 workers. The workforce...

Answered: 1 week ago

Question

★★★★★

Can you please explain the following question, it is based in New Zealand Laws. 1. Discuss how an agency relationship may be created by implication of law . 2. Under section 4 of the Employment...

Answered: 1 week ago

Question

★★★★★

5. How can I help others in the network achieve their goals?

Answered: 1 week ago

Question

★★★★★

6. Bring to mind a situation where you had a strong sense of satisfaction with what you did. Immerse yourself in the situation. i. How do you feel? ii. What do you hear? iii. What do you see?

Answered: 1 week ago

Question

★★★★★

3. Imagine a real event that brought joy to your past. What images, sounds, emo-tions, smells and tastes appear? Try to imagine a movie clip of this incident, as it could unfold if the circumstances...

Answered: 1 week ago

Previous Question Next Question