Please Answer with the step solution from sub parts 4 D,E. I need in 30 minutes thank u 4. Given• Labor input price IDR 25,000• Capital input price IDR 50,000• The total fund owned by the producer is IDR 100,000,000• Production function Q = 400 PLFrom these data it is requested :A. Determine the Isocost EquationB. Determine the marginal function of each inputC. Determine the producer's equilibrium point, along with the proof.D. If the total funds owned by consumers increase to IDR 150,000,000.what happened explainE. Draw the graph

The isocost line depicts all input combinations that cost the same total amount. The use of the…

Answered: D. If the total funds owned by…

Business

Economics

D. If the total funds owned by consumers increase to IDR 150,000,000. what happened explain E. Draw the graph

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter11: Profit Maximization

Section: Chapter Questions

Problem 11.9P

See similar textbooks

Related questions

Q: In pass through certificate payments comes through O a. Underlying loans O b. Underlying…

A: When talking about assets, there are different types of assets exchanged in the market based on…

Q: Describe the difference between financial markets and financial intermediaries? How can your funds…

A: Monetary business sectors and Financial go-betweens are two channels through which the monetary…

Q: Which financial Market do Retail credit products e.g. Mortgage bonds, short term loans, long term…

A: Meaning of Financial Assets: The term financial assets refer to the situation, under which these…

Q: Name anddescribe two markets that are part of the financialsystem in the U.S. economy

A: Bond market and stock market are two major part of the financial system in the U.S. economy.

Q: What is financial inflow?

A: The net amount of cash and the all cash equivalents being moved in and out of a corporation is…

Q: What is the difference between shares of stocks from mutual funds?

A: A stock in a market is called equity and it is described as security that depicts the possession of…

Q: Ms. Huma is expecting a rise in the share price of Bank Muscat. But, currently she does not have the…

A: Since it is given in the question that Ms. Huma is expecting a rise in the share price of bank…

Q: f investin

A: Answer why! because, Investing in crypto assets is risky but conjointly doubtless very profitable.…

Q: A bank has reserves of $40, loans of $110, deposits of $90, and owners’ equity of $60. Which…

A: Answer: Out of the given items, reserves and loans are assets for a bank whereas the owner's equity…

Q: How important is CFO in a rural bank? What he can do that others cannot?

A: As a top executive, the chief financial officer is in charge of a company's financial operations.…

Q: discuss Financial Action Task Force (FATF) & Pakistan in detail.

A: FAFTA is financial Action task force.

Q: When selecting a financial institution, you should consider: (select all that apply) convenience,…

A: Financial Institution is an institution such as central banks, commercial Banks, credit unions etc.…

Q: (b) Peter has RM10,000 that he can deposit in any three savings accounts for a 3-year period. Bank A…

A: Interest refers to the amount paid in excess of the principal amount by the borrower to the lender.…

Q: Illustrate how the Cash Balances change over time?

A: Cash Flow: When the cash goes out of business or cash comes into the business is termed as cash…

Q: Distinguish between the present worth of cash and future worth of cash?

A: Present worth of cash : Meaning : It is defined as the current value of future or future value.…

Q: Haley transfers $100 from her checking account and into a money market mutual fund a. Her assets…

Q: II. Read each statement carefully. Identify the following whether it box. BOND STOCK If a company…

A: In an economy, stocks can be defined as a thing that gives individuals ownership in a firm or…

Q: Recall the Innis Investments problem (Chapter 2, Problem 39). Letting S= units purchased in the…

A: Hi, As per our policy, we'll answer the first three subparts. Please repost the question and mention…

Q: Why are non-banking financial companies valuable to the financial system? Elaborate all the…

A: India's financial administration's area is colossal. It doesn't simply contain business banks yet in…

Q: QUESTION 26 Explain a banking system of your choice (US, Europe, Japan, UK, Emerging Economies). For…

A: Banks are essential to everyone since they have a variety of services. They give us loan facilities,…

Q: Illustrate the relationship between assets and liabilities?

A: Assets are something that a business owns and liability is what a business owe to others. To own…

Q: what is the importance of investing in Bitcoin

A: Bitcoin refers to a decentralized digital currency which does not have any central bank or a single…

Q: How much money will you have in seven yearsif you deposit $7,000 in the bank at 8.5%…

A: Compound interest rate is addition to the interest of interest. It can be applicable both loan and…

Q: Your uncle repays a $100 loan from Tenth NationalBank (TNB) by writing a $100 check from his…

A: Tenth National bank

Q: corporate banking is for A) more like individual basis B) any size of firms C)rich customers…

A: The question has been answered below.

Q: A principal of $20,000 is invested at 6% for 10 years. Determine its future value if the interest…

A: NOTE: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

Q: You own a 6%bond and want to sell it in a yearl Di you hope that interest rates rise or fall?…

A: there are a lot of signals where we can say that we have to sell the bond.

Q: Please show work

A: The amount deposited 5 years ago is $1,000 and the amount deposited one year ago is $2,000.The…

Q: Saving deposits, Money market mutual fund, Small time deposits are included in M1 and smaller than…

A: In macroeconomics, money is important as it is used to carry daily transactions and for making…

Q: Because financial intermediaries operate on a big scale, this relates to minimizing the costs of…

A: A firm producing output can yield increasing, decreasing or constant returns to scale.

Q: How can we o determine the extent to which borrowed funds havebeen used to finance assets?

A: Borrowed funds are those funds which business borrows either to finance their assets or to use as…

Q: Explain Borrowed-Funds Concept?

A: A firm can raise capital to finance its investment projects via borrowing or equity. Borrowed…

Q: How would I figure this out. The equation I’ve been using for bonds is Y=ai/p Ai for annual interest…

A: One-year interest rate (R) = [C + (F - P) / N] / [(F + P) / 2], where C: Annual coupon = $1,000 x 5%…

Q: Assets 1. A share in a publicly traded company 2. A $5 bill 3. The funds in a money market account…

A: Cash can be used immediately used as a medium of exchange, so a $5 bill is the most liquid asset. A…

Q: (b) Discuss the roles of financial intermediaries in solving adverse selection and moral hazard.…

A: Financial intermediaries are described as an institution that reacts as a middleman with regard to…

Q: What are the legislation and regulatory changes thathave driven the changes in the services of the…

A: Maintaining financial sustainability and the security of customers are the core priorities of…

Q: 3.57 Consider the following three individuals. Just after their 19th payment: o Robert Dixon had a…

A: An installment loan is an expansive, general term that alludes to by far most of both individual and…

Q: What is Interest Rate Risk and what is difference between Cash Flow Risk and Interest Rate Risk?

A: Interest rate refers to the amount of money that a lender will receive as an income or returns on…

Q: Ellah buys a discount bond for $920. When the bond matures, she redeems it for its face value of…

A: Buying price of bond = $920 Future value = $1000

Q: What factors influence your decision of where to put your money? a. What financial institutions…

A: The Investment environmental elements that impact an investor's decision may be divided into many…

Q: Briefly describe and explain the following investments terms a) savings c) Mutual funds e)…

A: Investments can be either economic or financial in nature. Purchases of goods and services required…

Q: Haley sells a share of stock and deposits the proceeds into her saving account at a bank. a. Her…

A: In an economy, any monetary transactions have recorded both ways as it is considered in the debit…

Q: Examine the balance sheet of commercial banks in the tolowing tabie. Aseta ion al Liaie andSetorth…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Question

Please Answer with the step solution from sub parts 4 D,E. I need in 30 minutes thank u

4. Given
• Labor input price IDR 25,000
• Capital input price IDR 50,000
• The total fund owned by the producer is IDR 100,000,000
• Production function Q = 400 PL
From these data it is requested :
A. Determine the Isocost Equation
B. Determine the marginal function of each input
C. Determine the producer's equilibrium point, along with the proof.
D. If the total funds owned by consumers increase to IDR 150,000,000.
what happened explain
E. Draw the graph

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps with 1 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

What is the difference between a fixed input and a variable input?
If two painters can paint 200 square feet of wall in an hour, and three painters can paint 275 square feet, what is the marginal product of the third painter?
What is a production function?
If capital and labour are perfect complements then the marginal products of capital and labour are undefined A True Faise Question 16 A firm uses 10 units of labour and 20 units of capital to produce 10 units of output. The marginal product of labour is 0.5. If there are constant returns to scale the marginal product of labour must be 0.25 True B False Question 17 Afirm uses 10 units of labour and 30 units of capital to produce 10 units of output. The marginal product of labour is 05. If there are constant returns to scale the marginal product of labout must be 0.25 A True False
can someone pls explain if marginal product function (i.) and (ii) are either convex or concave? what is their economic implication?
3. Optimal use of multiple inputs. In his shop, Jim Valenti retrofits sunroofs into automobiles. The process can use a combination of skilled labor and unskilled labor. Given his current mix of employees, the marginal product of the last unit of skilled labor is 4 sunroofs per day, and the marginal product of the last unit of unskilled labor is 1 sunroof per day. Current market rates for skilled and unskilled labor is $40 and $20, respectively. Is Julian using a least cost combination of inputs? If not, which of type of labor should he use relatively more? Comparison Expression: Result:
1.Suppose a chair manufacturer is producing in the short run (with its existing plant andequipment). The manufacturer has observed the following levels of production correspondingto different numbers of workers:Number of Workers Number ofChairs 1 10 2 18 3 24 4 28 5 30 6 28 7 25a. Calculate the marginal and average product of labor for this production function.b. Does this production function exhibit diminishing returns to labor? Explain.c. Explain intuitively what might cause the marginal product of labor to becomenegative.
7 which of the following are examples of fixed-proportions production functions?
Diminishing marginal returns occur because O average and marginal relationships behave very differently with respect to each other. O workers in some industries lack an adequate formal education. O producers are not careful enough in the manufacturing process. O the efficiency of variable resources depends on the quantity of the fixed resources.
Question Establish input demand function in case of multiple variable inputs
3. Theo employs labor at a competitive wage (W) of $3 per unit, and he employs capitalat a competitive rental rate (R) of $6 per unit.a. State the cost-minimizing rule. You must provide both a written statement of it, and state it as anequation.b. At Theo’s current combination of labor and capital, the marginal product of labor (MPL) is twiceas large as the marginal product of capital (MPK). Is Theo currently employing the optimal ratio oflabor and capital? If not, how should he adjust his hiring of labor and/or capital? Explain.
Suppose that labor is the only input used by aperfectly competitive firm. The firm’s productionfunction is as follows:Days of Labor Units of Output0 days 0 units1 72 133 194 255 286 297 29a. Calculate the marginal product of each additionalworker.b. Each unit of output sells for $10. Calculate thevalue of the marginal product of each worker.c. Compute the demand schedule showing thenumber of workers hired for all wages from zeroto $100 a day.d. Graph the firm’s labor-demand curve.e. What happens to this demand curve if the price ofoutput rises from $10 to $12 per unit?