Answered: A college football coach says that…

A college football coach says that given any two linemen A and B, he always prefers the one who is bigger and faster. Is this preference relation transitive? Is it complete?

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter16: Labor Markets

Section: Chapter Questions

Problem 16.7P

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Question

A college football coach says that given any two linemen A and B, he always prefers the one who is bigger and faster. Is this preference relation transitive? Is it complete?

The production function for puffed rice is given by q , where q is the number of boxes produced per hour, K is the number of puffing guns used each hour, and L is the number of workers hired each hour.

Calculate the q = 1,000 isoquant for this production function and show it on a graph.
If K = 10, how many workers are required to produce q = 1,000? What is the average productivity of puffed-rice workers?
Suppose technical progress shifts the production function to , answer parts a

and b for this new situation.

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