Given a Cobb-Douglas production function where α = β = 0.5 Q = (K0.5) x (L0.5) Find the equation for the isoquant when Q= 2,000A) L =[2,000/ K 0.5]2B) K=[L2/2000] 0.5 C) K=[2,000/L2]0.5 D) K=[ 2,000/L0.5]2) The marginal rate of technical substitution can be written as the ratio of the marginal productivities of the two inputs: MRTS= - MPL / MPK= -[αq/L] /[ βq/K] Find the marginal rate of technical substitution when Q= 2,000 and L =100 MRTS =.

If temper company, a manufacturer of mattresses, was considering moving its production facilities to china but decided against it because the additional costs of shipping the mattresses back to the u. s. would offset the cost savings associated with moving the production facilities, the increased costs associated with shipping would be an example ofanswers: learning-curve economies. diseconomies of scale. economies of scale. competitive advantages.

In the rbv are defined as the tangible and intangible assets that a firm controls that it can use to conceive and implement its strategies. answers: management policies

What do you think: would it be more profitable to own 200 shares of penny’s pickles or 1 share of exxon? why do you think that?