Friday

December 19, 2014

December 19, 2014

Posted by **mary** on Thursday, October 28, 2010 at 2:48pm.

TC = 10L + 20K

The production function has the form: 4 ln L + 10 K 1/2

a. Derive the mathematical forms of the marginal and average products of capital and

labor. How is the marginal product of labor affected by changes in capital?

b. Describe the production position and combinations of inputs for when total costs are

equal to 300 and 700.

**Answer this Question**

**Related Questions**

art - The statement "form follows function" means function over form, form over ...

Math Calculus - Economists use production functions to describe how output of a ...

Math (UBC) - Economists use production functions to describe how output of a ...

Economics - Consider the production function Q= 20K^(1/2)L^(1/2). The firm ...

Economics Help pls - Suppose you are given the following production function: , ...

managerial economics - Consider the following short-run production function (...

English - I am confused on my homework which is to name the function and the ...

Economics - Consider the production function Q = 20K 1/2 L 1/2. The firm ...

Economics/Math - Suppose you are the manager of a small chemical company ...

Management & Economics - a producer of light bulbs claims to have the folllowing...