Given the following data on input and output levels. Suppose the output price is $2 and input price is $3. Find the values of AVP and MVP when X 2: Y 0. 1 10 2 25 3. 45 4 60 70 75 $30 and $50 $30 and $30 $4 and $50 $25 and $30

Given the following data on input and output levels. Suppose the output price is $5 and input price is $10. Find the values of AVP and MVP when X = 4: X 0 2 4 6 8 10 12 Y 0 100 250 450 600 700 750 $312.50 and $375 $20 and $375 $265.50 and $475 $20 and $750

Suppose that the Travnikar Corporation manufactures widgets. Analysts that work for the company have found a function C(x) which reports the cost to produce x widgets and a function R(x) which reports the total revenue from selling x widgets. Currently, the company is producing 500 widgets, but the analysts find that R'(500)=85 and C'(500)=79. In order to maximize profits, should the analysts recommend increasing or decreasing production?

How to calculate Samsung's cost (C(Q)) of producing 1, 2,...15?

The Cobb-Douglas production function for a particular product is N(x,y) = 80x0.6.0.4, where x is the number of units of labor and y is the number of units of capital required to produce N(x, y) units of the product. Each unit of labor costs $40 and each unit of capital costs $60. Answer the questions (A) and (B) below. (A) If $150,000 is budgeted for production of the product, determine how that amount should be allocated to maximize production, and find the maximum production. (B) Find the marginal productivity of money in this case, and estimate the increase in production if an additional $50,000 is budgeted for the production of the product. C (A) If $150,000 is budgeted for production of the product, determine how that amount should be allocated to maximize production, and find the maximum production. Production will be maximized when using units of labor and units of capital.

Consider the following graph of y = f(x). E D A Which of the following statements about the function f is true? Select one: O f has an endpoint at E and a y-intercept at B. O f has a global maximum at A and a global minimum at C. O f has a critical point at C and a global minimum at D. O f has a global minimum at A and a y-intercept at D.

For its current level of production, a firm is attempting to minimize its costs. The firm has determined that the marginal product of labor is 10, the marginal product of capital is 20 and the cost per unit of labor is $5, whereas the cost per unit of capital is $10. To minimize cost for the given output the firm should   Increase the amount of capital and decrease the amount of labor Leave the amount of capital and labor as they are Decrease the amount of capital and increase the amount of labor