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zhenek [66]
3 years ago
13

Consider the production function Q = f(L,K) = 10KL / K+L. The marginal products of labor and capital for this function are given

by?
MPL = 10K^2 / (K +L)^2, MPK = 10L^2 / (K +L)^2.
(a) In the short run, assume that capital is fixed at K = 4. What is the production function for the firm (quantity as a function of labor only)? What are the average and marginal products of labor? Draw APL and MPL on one graph.
(b) What is the marginal rate of technical substitution for this technology?
(c) Are the returns to scale of this production function increasing, decreasing or constant? Explain.
Business
1 answer:
Hunter-Best [27]3 years ago
3 0

Answer:

ANSWER IS BELOW :)

Explanation:

Tbh im not sure, but I think its 10(5)+65

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Utilitarianism is a personal moral philosophy which id being used in this scenario.

<h3>What is Utilitarianism?</h3>

This is the morality that advocates actions that foster happiness or pleasure and maximizes wellbeing of individuals.

The manager believing that the  benefits of a choice exceed the costs is ethicalk as result of her having more profit which will maximize the company' wellbeing.

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8 0
2 years ago
What style of leadership is grounded in the exchange relationship between the leader and the follower
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Answer: Transactional leadership

Explanation:

Transactional leadership a style of leadership that grounded in the exchange relationship between the leader and the follower.

For transactional Leadership, promotion of compliance is done through both rewards and punishment.

7 0
3 years ago
Which one of the following statements is TRUE? a. Company sponsorship of a local charity is an example of a nonpecuniary benefit
mojhsa [17]

Answer: c. An inside director is a board member who also holds a managerial position in the company

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They typically include a Company's top executives such as the CEO, CFO and the COO.

5 0
3 years ago
Compute the selling price if variable costs are ​$16 per unit. Determine the formula used to calculate the selling price.
dezoksy [38]

Answer: $40

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Selling price can be calculated through the contribution margin equation;

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Contribution margin = Fixed costs/break-even point

= 660,000/1,100,000

= 60%

60% = (Selling Price - 16) / Selling Price

Selling price * 60% = Selling price - 16

16 = Selling price - (0.6 * selling price)

16 = Selling price * 40%

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3 0
2 years ago
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