The short run production Q = L^3-2L^2-4L+40 determine the number labourers should be used to maximize production.

/in /by

The short run production Q = L^3-2L^2-4L+40 determine the number
labourers should be used to maximize production.

You might also like
Explain the three categories of returns to scale relating to the long-run average cost curve.
Consider the cost function c(y) = y2 + 100. Derived variable costs, fixed costs, average variable costs, average fixed costs, average costs and marginal cost functions.
The monopolist faces a demand curve given by Q (p) = 50−2.5p. Its cost function is C(y) = 4y. What is its optimal level of output and price?
The following data refers to the demand for money (M) and the rate of interest (R) in for eight different economics: M (In billions) 56 50 46 30 20 35 37 61 R% 6.3 4.6 5.1 7.3 8.9 5.3 6.7 3.5 a. Assuming a relationship i M   R U , obtain the OLS estimators of  and  b. Calculate the coefficient of determination for the data and interpret its value c. Test the hypothesis that interest rate influences demand for money d. Compute the standard error of the regression coefficients and conduct test of significance at the 5% level of significance. e. If in a 9th economy the rate of interest is R=8.1, predict the demand for money(M) in this economy.
There are two firms who will compete on quantity. The market demand is D(P)=190-3P. Both firms initially have a marginal cost of 10. However, if the first firm makes an investment of 100, it can lower its marginal cost to 5. Will it?
Microeconomics is best described as the study of (A) the choices made by individual households, firms, and governments. (B) inflation, unemployment, gross national product, and the nation’s economy as a whole. (C) how markets interact in the aggregate economy. (D) marginal changes in the economy.
What is comparative theory of international trade explain.
The National Company has just been formed. They have a patented process which will make them the sole suppliers of Product A. During the first year the capacity of their plant will be 9,000 units and this is the amount they will be able to sell. Their costs are: Direct Labor = £15 per unit Raw material = £5 per unit Other variable costs = £10 per unit Fixed costs = £240,000 Required: (a). If the company wishes to make a profit of £210,000 during the first year, what should be the selling price? What is the contribution margin at this price? (b). If at the end of first year, they wish to increase their volume and an increase or £100,000 in the annual fixed costs will increase their capacity to 50,000 units, how many units will they have to sell to realise a profit of £760,000, if their selling price is £70 per unit and no other costs change, except that invest £500,000 in advertising with a view to achieve this end?