Saturday

April 19, 2014

April 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.

**Related Questions**

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

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

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

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

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

home economics - The economist for the Grand Corporation has estimated the ...

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

Economics - Can someone help with the following: I know how to get the MC and AC...

Economics/Algebra - Can someone help with the following: I know how to get the ...

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