Given the Production Function Q = 72X + 15X2 - X3, where Q =Output and X=Input
a) What is the Marginal Product (MP) when X = 8?
b) What is the Average Product (AP) when X = 6?
c) At what value of X will Q be at its maximum?
d) At what value of X will Diminishing Returns set in?
Answers: 3
Business, 22.06.2019 16:00, angelinaranee15
In a perfectly competitive market, the long-run market supply curve tends to be horizontal or nearly so. what is another way to state this fact? (a) market supply is much more elastic in the long run than the short run. (b) in the long run, average total cost is minimized. (c) in the long run, price equals marginal cost. (d) market supply is much less elastic in the long run than the short run.
Answers: 1
Business, 22.06.2019 19:40, jby
The common stock of ncp paid $1.35 in dividends last year. dividends are expected to grow at an annual rate of 5.30 percent for an indefinite number of years. a. if ncp's current market price is $22.57 per share, what is the stock's expected rate of return? b. if your required rate of return is 7.3 percent, what is the value of the stock for you? c. should you make the investment? a. if ncp's current market price is $22.57 per share, the stock's expected rate of return is
Answers: 3
Given the Production Function Q = 72X + 15X2 - X3, where Q =Output and X=Input
a) What is the Margi...
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