Suppose a firm has the following production function: Q(L, K)=4K1/2L1/2 Recall that the isocost line is as follows: C=wL+rK What is the (long run) optimal choice of L and K for a given Q, w, and r? In other words, provide a formula for the optimal choice of labor L∗(w, r,Q) and capital K∗(w, r,Q) as a function of the parameters Q, w, and r. Given Q=16, w=4, and r=1, what are the optimal levels of labor and capital, L∗ and K∗? What is the cost of producing Q=16 at these input prices? Suppose now that you are in the short run, Q=16, w=4, r=1, and the capital level is fixed at K¯=16. What is the optimal level of labor in the short run? What is the cost of producing Q=16 in the short run at these input prices?

Sara bought 12 3/4 cakes sara's friends ate 3/8 how much cake is left

Abusiness cycle reflects in economic activity, particularly real gdp. the stages of a business cycle

Walmart’s scm system walmart is famous for its low prices, and you may have experienced its low prices first-hand. at least, you have probably seen its motto, “always low prices— always.” one of the biggest reasons walmart is able to sell at prices lower than almost everyone else is that it has a superefficient supply chain. its it-enabled supply chain management system is the envy of the industry because it drives excess time and unnecessary costs out of the supply chain. so, because walmart can buy low, it sells low. as a matter of fact, if your company wants to sell items to walmart for it to sell in its stores, you will have to do business with it electronically. if your company can’t do that, walmart won’t buy anything from you. log on to walmart’s web site (), search for supplier information, and find out what walmart’s requirements are for its suppliers to do business with it electronically. prepare a brief summary of its requirements for presentation in clas