6. La función de Utildad en una industria es U(x1, x2) = Axxx₁, considere los siguientes problemas: P1 máx U(X) s.a p² x = m p²x p vector de precios P2: mín px s.a U(X) = U a) determine la relación entre: V₁(p, m) Эт OV₂(p,U) y au donde V₁ y V₂ son las funciones de máximo valor, con los multiplica- dores de lagrange asociados a los problemas P₁ y P2 respectivamente. b) Se conoce que V₂(p,Ū) = −E(p,Ū) y que E(p, V₁(p, m)) = m muestre que si λ₁ es el multiplicador para P₁ y λ₂ es el multiplicador para P2 entonces A₁₂ = −1|

4) Please indicate whether the following production function has the characteristic of CRS, IRS and DRS. (a) F(Z1, Z2)=(Zı+Z2)/2 1. CRS 2. IRS 3. DRS 4. None of the above (b) F(K, L)=[aKP +(1-a)Lº ]Ve, (1>a>0, 1>p) 1. CRS 2. IRS 3. DRS 4. None of the above

can you please provide explanations and working

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See Hint Suppose you are the owner of a firm producing jelly beans. Your production costs are shown in the table. Jelly Bean Production Вохes Average cost per box 100 $0.95 101 $0.96 102 $0.97 $0.98 103 Initially, you produce 100 boxes of jelly beans per time period. Thena new customer calls and places an additional order for jelly beans, requiring you to increase your output to 101 boxes. She offers you $1.75 for the additional box. Should you produce it? Choose one: O. A Yes, because $1.75 is greater than average total cost, O B. No, because $1.75 is less than average total cost. O C. Yes, because $1.75 is greater than the marginal cost. O D. No, because $1.75 is less than the marginal cost. 9 E. We can't say because we don't know average variable cost.

What shapes would you generally expect each of the followingcost curves to have: fixed costs, variable costs, marginal costs,average total costs, and average variable costs?

Question: Orla manages a loom that produces flags (F) using thread (T) and dye (D) as inputs. Herproduction function is given by:  Q(T,D) = (T1/2 D1/2)1/2*For this problem, assume F, T, and D are infinitely divisible so you don’t need to worryabout restricting to whole-number answers. a.) Does Orla’s production function exhibit increasing, constant, or decreasing returns toscale? Explain. b.) Set up Orla’s cost-minimization problem to find the lowest-cost combination of inputsrequired to produce a specific level of output (bar Q) given factor prices PT and PD.  (Note: You can write this either as a minimization subject to constraints or in Lagrangian form. *You do not need to solve it.)

2 The company Shirts Galore has figured its total cost of producing and sclling x units of T-shirts per month is given by the equation C(x) = 120 +2.5x-0.0002r. a) Write a rational function to represent the average cost of producing and selling a shirt. b) If the production level is 1200 shirts per month, find the average cost of producing and selling a shirt. c) If the shirts are sold for $7.98 a shirt, what is the profit realized on producing and selling 1200 shirts per month? d) What price must be charged when selling the shirts for a profit of $7368 to bc made on 1200 shirts in one month? * A large company is considering changing

x Homework (Ch X ng.cengage.com/static/nb/ui/evo/index.html?deploymentid=58830011095382489666091140&eISBN=97813... A McAfee A Linear equations cal... Sy Matrix Calculator watch Lenovo Support L Lenovo CENGAGE | MINDTAP Homework (Ch 07) Felix's only variable cost. Felix has a fixed cost of $80 per day and pays each of his workers $120 per day. Felix's total output schedule and total cost at each level of labor are presented in the following table. Labor Input (Number of Workers) 1 Fill in the blanks to complete the Marginal Product column for each worker and the Marginal Cost column at each level of labor. (Hint: Marginal cost is the change in total cost divided by the change in the quantity of output. You can calculate it here by dividing the increase in total cost from hiring one more worker by the marginal product from hiring one more worker.) NMT 5 2 3 + # 3 MindTap - Ceng X F3 E F4 Ş 4 When hiring the first and second workers, Felix's Burrito Stand faces Total Output (Burritos per…

Assume the cost of making 30 belts $800 the cost of makin 35 belts $900 and the cost equation is linear. The belts are sold for$ 27 each. a)find the marginal cost b)find a linear equation in slope-intercept, form that represent the total Cost of making will c) What is the fixed cost? d) find a profit in slope- intercept that will represent the profit if x belt are made and sold? e) Find the break even point?