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

Question

1 Approved Answer

Question 19 5 pts Given the production function y = =x1/3, if Price of output is P and price of input X is V and

image text in transcribed
image text in transcribed
Question 19 5 pts Given the production function y = =x1/3, if Price of output is P and price of input X is V and fixed cost is FC, what is the expression for marginal cost (MC) as a function of Y? O MC=3Vy1/3 O MC=3y3/V O MC = 81Vy2 O MC=Vy1/3 Question 20 5 pts Given the production function y = 4x-5, if Price of output is P and price of input X is V and fixed cost is FC, what is the expression for marginal cost (MC) as a function of Y? O MC = -32Vy-3 O MC = Vy2/2 O MC = 4Vy-0.5 O MC = y/ 4V

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

Introduction To Business Law

Introduction To Business Law

Authors: Jeffrey F. Beatty, Susan S. Samuelson, Patricia Abril

6th Edition

1337404349, 978-1337404341

More Books

Students also viewed these Economics questions

Question

★★★★★
When levulinic acid was hydrogenated at high pressure over a nickel catalyst at 220°C, a single product, C5H8O2, was isolated in 94% yield. This compound lacks hydroxyl absorption in its infrared...

Answered: 1 week ago

Question

★★★★★
Davids basis in the Jimsoo Partnership is $53,000. In a proportionate liquidating distribution, David receives cash of $7,000 and two capital assets: (1) Land A with a fair market value of $20,000...

Answered: 1 week ago

Question

★★★★★
How is a residual plot used in assessing the validity of the assumptions required of the error term in a simple linear regression model?

Answered: 1 week ago

Question

★★★★★
Campa Oil performs oil changes. The standard wage rate for oil change technicians is $ 20 per hour. By analyzing its past records of time spent on oil changes, Casta Oil has developed a standard of...

Answered: 1 week ago

Question

★★★★★
For the following operations: write the operands as 2 ' s complement binary numbers then perform the addition or subtraction operation shown. Show all work in binary operating on 4 - bit numbers. 3 +...

Answered: 1 week ago

Question

★★★★★
Could you help me question 7,8,9 please Question 7 1 pts Verify the identity sec x = cos x sin x + COS X 1+sin x Then use the identity to derive the basic integration rule / sec x dx = In|sec x + tan...

Answered: 1 week ago

Question

★★★★★
Use the following diagram of TCP/IP protocols of a Network 1) Add the following servers to the network. a. DC server b. data server c. SMTP server d. Application server e.web server...

Answered: 1 week ago

Question

★★★★★
A recent article/publication (within the last five years) which showcases the use of molecular testing techniques to diagnose infectious diseases. The article may have a public health, clinical...

Answered: 1 week ago

Question

★★★★★
A. Veta inc., has a asset of $400,000 in total where it comprises of equity 70% and debt of 30% (12%) interest. The company was planning to do some investment and it anticipates the increase of...

Answered: 1 week ago

Question

★★★★★
A liquid crystal cell has the front electrode grooved vertically and the rear electrode grooved horizontally. Sheets that transmit only vertically polarized light are placed before and after the...

Answered: 1 week ago

Question

★★★★★
used, and the importance of adhering to these procedures K12 Explain how the components are to be aligned, adjusted and positioned prior to securing, and the tools and equipment that is used K13...

Answered: 1 week ago

Question

★★★★★
What would be your process of evaluating your daily operation

Answered: 1 week ago

Question

★★★★★
12. The form of creative action strategy, where would you say you have a strength, as a dreamer, as a realist or as a critic?

Answered: 1 week ago

Question

★★★★★
16. Now put the areas you have ranked in order of priority and reflect on which values they correspond to in your value hierarchy.

Answered: 1 week ago

Question

★★★★★
14. Now reconcile what you answered to problem 15 with problem 13.

Answered: 1 week ago

Previous Question Next Question