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Levart [38]
2 years ago
12

A firm has the following fixed proportion production function q = min(k, 2l). a. Find the firms long-run total, average, and mar

ginal cost functions. b. Suppose that k is fixed at 20 in the short run. Calculate the firms short-run total, average, and marginal cost functions. c. Suppose v = 1 and w = 3. Calculate this firms long-run and short-run average and marginal cost curves. Q4. A firm’s production function is given by q = 2z1 + 3z2. Given the input prices, w1 for z1 and w2 for z2. a. Find the input demands z1 and z2 minimizing the cost of producing the level of output q. b. Find the cost function for producing the level q.​
Mathematics
1 answer:
Yuri [45]2 years ago
3 0

Answer:

I think its right

Step-by-step explanation:

a) In the long run, we have, 5k=10 and k=2l Thus, C=2l+3l= 5l=0.5q Thus, AC=5l/10l =0.5 MC=0.5 b) In the short run, k=10 Q=min(50,10l) If l<5, q=10l. C=10+3l= 10+0.3q Thus, AC=10/q + 0.3 If l>5, q=50. C= 10+3l AC= (10+3l)/50 If q>50, then MC...

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7 0
3 years ago
|6m|=42 please help me with absolute value
ANTONII [103]
Since there is nothing on the left side of the equation besides the absolute value, you have to take 6m out of the absolute value and create 2 separate equations. These 2 equation will be 6m = 42 and 6m = -42.

You solve the equations normally:
6m = 42     6m = -42     (inverse to get m by itself, do on both sides)
/6      /6      /6       /6

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The answer is a solution set:
[7, -7]

3 0
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Marat540 [252]

Answer:

I believe it is c> 34

Step-by-step explanation:

Correct me if i'm wrong

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3 years ago
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You have an account with a principal of $200. it pays 8% at the end of every year. calculate the principal at the end of 3 years
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Simple interest is a method of calculating interest on an amount for n period of time with a rate of interest of r. The principal at the end of 3 years is $248.

<h3>What is simple interest?</h3>

Simple interest is a method of calculating interest on an amount for n period of time with a rate of interest of r. It is calculated with the help of the formula,

SI = (P × R × T)/100

where SI is the simple interest, P is the principal amount, R is the rate of interest, and T is the time period.

The principal at the end of 3 years is,

Principal after 3 years = P + (P × R × T)

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= $200 + $48

= $248

Hence, the principal at the end of 3 years is $248.

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brainly.com/question/2793278

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