Rikell company produces helmets using labor (l) and capital (k). its production function is given by the following expression: q =min{ 44 l , 69 k} where q is the output of helmets. the prices of labor (pl), capital (pk), helmet (p) and the cost (c) are the following: pl=61, pk=5, p=38 and c=3,522 what is the profit maximizing amount of capital that rikell should hire ?
Answers: 3
Business, 22.06.2019 22:30
When the price is the equilibrium price, we would expect there to be a causing the market to put pressure on the price until it went back to the equilibrium price. a. above; surplus; upward b. above; shortage; downward c. below; surplus; upward d. below; shortage; downward e. above; surplus; downward?
Answers: 2
Business, 23.06.2019 02:10
Which of the following most accurately describes how the equilibrium price of a good or service can be determined? a. by moving the supply curve right or left until it matches the demand curve. b. by finding where the supply curve and the demand curve intersect. c. by doing market research to determine the maximum price consumers will pay. d. by taking the opposite of the columns in a supply schedule and a demand schedule.
Answers: 2
Business, 23.06.2019 02:30
Suppose a jury of 12 people is chosen from the above pool, and this jury hears a case and discusses the verdict; x is the number who think the defendant is guilty.
Answers: 1
Rikell company produces helmets using labor (l) and capital (k). its production function is given by...
Mathematics, 28.11.2019 02:31
Mathematics, 28.11.2019 02:31
Mathematics, 28.11.2019 02:31
History, 28.11.2019 02:31
Computers and Technology, 28.11.2019 02:31
Mathematics, 28.11.2019 02:31
Mathematics, 28.11.2019 02:31
English, 28.11.2019 02:31
English, 28.11.2019 02:31
History, 28.11.2019 02:31
Mathematics, 28.11.2019 02:31