1. A poncho company has the following short-run production function:
Q (L) = 100L+ 5L^2
The cost of capital in the short-run is $1,000 per day and the cost of labor is $100
(a) What is the marginal product of labor whenL = 50?
(b) Invert the prod
This Paper Due Sunday at 8 pm.
In this scenario, you have just been hired into a newly formed venture capital firm. The owners of the
firm, Rick Horton and Dave LaPoint, are looking to you for assistance. The firm has recently been
formed and has several
Topic: Budget Constraint Correct Responses: 90 Correct Answer: False
Di culty: 1 Discrimination Index: 10
2.1 If there are two goods with positive prices and the price of one good is reduced, while income
and other p