Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 06, 2024

The production function is f (x1, x2) = x x, . If the price of factor 1 is $10, the price of factor 2 is

The production function is f (x1, x2) = x x, . If the price of factor 1 is $10, the price of factor 2 is $30, and the price of the output is $100. What is the maximum profit that the firm can achieve in long run? $320 $100 O $120 O $640 O $80

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

Crashed How A Decade Of Financial Crises Changed The World

Authors: Adam Tooze

1st Edition

0143110357, 9780143110354

More Books

Students also viewed these Economics questions

Question

★★★★★

A Ferris wheel with radius 14.0 m is turning about a horizontal axis through its center (Fig. 3.42). The linear speed of a passenger on the rim is constant and equal to 7.00 m/s. What are the...

Answered: 1 week ago

Question

★★★★★

You are running a study with five conditions, numbered 1 through 5. Assign the first seven participants who arrive at your lab to conditions, not worrying about equal assignment across conditions....

Answered: 1 week ago

Question

★★★★★

On what device and via what means is the telepsychology deliveredcomputer, smartphone, e-mail, text, videoconference, or something else?

Answered: 1 week ago

Question

★★★★★

Suppose that the SEC asserts that it has always had the statutory authority to pursue persons for insider trading regardless of whether they personally profited from the transaction. This is the only...

Answered: 1 week ago

Question

★★★★★

e.g., 25 or 3.6%1.4 ). Only 5 operations are supported: addition (+), subtraction (-), division (/), nultiplication (, or x ) and modulo (\%). We have provided you with an 0peration enum which...

Answered: 1 week ago

Question

★★★★★

A company might report negative cash flows from financing activities when: it has purchased a significant amount of equipment. the market value of its stock has gone down. it has paid a cash dividend...

Answered: 1 week ago

Question

★★★★★

During FY 2018, Adelphi Company reported sales of $400,000, a contribution margin of $5.00 per unit, fixed costs of $90,000, and net income of $20,000. Use this information to determine the number of...

Answered: 1 week ago

Question

★★★★★

[Combinatorics, Conditional Probability and Beyond] Consider a game with n = N participants which are somehow ordered (P1, P2, ..., Pn). The game starts with the first numbered player (P1) tosses a...

Answered: 1 week ago

Question

★★★★★

Corruption has been a significant problem in Iraq. Opening and running a business in Iraq usually requires paying multiple bribes to government officials. We can think of there being a demand and...

Answered: 1 week ago

Question

★★★★★

6) However long the assembling step continues as typical, the throughput will just twofold in the event that they add extra hardware to deal with the additional heap of material. Past apparatus...

Answered: 1 week ago

Question

★★★★★

hello, read the case and answer the following question from the case. pleaee I need help to get answers not short answers please. Not too short not too long Facts of the Case: Supercleen Limited, a...

Answered: 1 week ago

Question

★★★★★

3. Explain in detail what you would do to improve the training process at Apex. Make sure to provide specific suggestions.

Answered: 1 week ago

Question

★★★★★

2. Choose a task with which you are familiarmowing the lawn, making a salad, or studying for a testand develop a job instruction sheet for it.

Answered: 1 week ago

Question

★★★★★

4. Find a provider of management development seminars. Obtain copies of its recent listings of seminar offerings. At what levels of managers are the offerings aimed? What seem to be the most popular...

Answered: 1 week ago

Previous Question Next Question