Instacart offers consumers a convenient form of home delivery service for groceries. Units ofoutput (q) are individual grocery deliveries/day. Grocery deliveries are achieved through the useof delivery trucks (K) and workers (L). The price of labor (w) is $10/worker. Use the provided graphto answer the question below.K1615141312∞65EE111087654321ABCq=1009-501 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17LLet's say that Instacart is now operating in the long run. If it is still producing 100 units ofoutput, how many trucks will it choose to use? (Only write the numerical value for your answer.For instance, if you found that Instacart would not change the number of trucks used in the longrun, your answer would just be 3.)

Isocost curve shows all the points that shows the same cost. Isoquant curve shows the same amount…

Instacart offers consumers a convenient form of home delivery service for groceries. Units of output (q) are individual grocery deliveries/day. Grocery deliveries are achieved through the use of delivery trucks (K) and workers (L). The price of labor (w) is $10/worker. Use the provided graph to answer the question below. K 16 15 14 13 12 11 10 9 8 7 6 543 2 1 A B C D q=100 9-50 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 L Let's say that Instacart is now operating in the long run. If it is still producing 100 units of output, how many trucks will it choose to use? (Only write the numerical value for your answer. For instance, if you found that Instacart would not change the number of trucks used in the long run, your answer would just be 3.)

Instacart offers consumers a convenient form of home delivery service for groceries. Units of output (q) are individual grocery deliveries/day. Grocery deliveries are achieved through the use of delivery trucks (K) and workers (L). The price of labor (w) is $10/worker. Use the provided graph to answer the question below. K 16 15 14 13 12 11 10 9 8 7 6 543 2 1 A B C D q=100 9-50 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 L Let's say that Instacart is now operating in the long run. If it is still producing 100 units of output, how many trucks will it choose to use? (Only write the numerical value for your answer. For instance, if you found that Instacart would not change the number of trucks used in the long run, your answer would just be 3.)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

Can you assist in filling out this chart?
Select all statements that are true using the attached chart. A.)Breakeven is the quantity where TR - TC = 0 B.)The profit maximizing quantity of participants/bags is MR ≥ MC 300 C.) The profit maximizing quantity of participants/bags MR ≤ MC 400 D.) Using Qb = F/(MR – AVC) the breakeven quantity of participants/bags is 113 and 115 bags.
Which of the above diagrams illustrates the effect of a decrease in the cost of labor for for producers? 40 Q Search P D₂ S D₁ 0 6 & 7 D₁ S D₁ 02 D₂ D₁ S S Q 0 Q (B) (A) 0 D S₁ S₁₂ 8 P D S₂ S₁ S₁ (C) 144 9 D S₂ 0 Q {D} 0 44 D 0 pri se deleta dewle backspace
A company that produces healthcare services (patient visits) operates with the following production function where q denotes the weekly output level in terms of the number of patients, L represents the hours of human intelligence (doctors and nurses) employed per week, and K denotes the hours of artificial intelligence utilized per week: 9 L0.5 K0.25 = The cost per hour for artificial intelligence is represented by r, and the cost per hour for human intelligence is denoted by w, both expressed in dollars per hour. 1) Determine the optimal levels of L and K that minimize the firm's costs given a target level of production q. Express the cost-minimizing levels of L and K as two functions of q, w, and r. Show your work carefully.
Assume workers in labour market M are qualified to work in an alternative competitive labour market N, and vice versa. What will happen to the wage rate and level of employment in market M if there is an increase in the demand for labour in market N?
A weaver working with a handloom is able to produce 11 yards of fabric per day. The typical weaver is paid £10 for a day's work. A loom powered by a steam engine is able to produce 82 yards of fabric per day. The powered loom still needs a worker to operate it, earning £10 per day, but also needs 24 pounds of coal to power it. At what price per pound of coal does the cost of producing fabric by power loom equal the cost of producing it by handloom? Round your final answer to two decimal places.
Please find the atttached photo.
am. 118.
Goleta Brewing Company hires only two types of labor, managers and brewing assistants (denoted M and B, respectively). GBC has the following Cobb-Douglas production function F(M,B) = M.5 B.5 and wants to produce 10 barrels of pale ale this week. If the wage of managers is $50 per hour and the wage of brewing assistants is $10 per hour, how many managers and brewing assistants should the firm hire (round to nearest whole number)? How does your answer change when the wage of managers decreases to $30 per hour and the wage of brewing assistants remains constant. Is this result consistent with your intuition?
Suppose that Zamboni Enterprises is the only company that sells zambonis (ice resurfacing machines). To produce the machines, the company hires assembly workers. Since these workers can work in many different companies, Zamboni Enterprises must pay them the market wage, which is equal to $6. The number of zambonis that the company produces, which is denoted by y, is proportional to the number of assembly workers that it hires, which are denoted by N; in particular, the production function is given by y=0.76N. The economywide demand for zambonis is given by the following demand function: y=2191-219p, where y is the number of zambonis that consumers are willing to purchase at price p. Given this market structure, how many assembly workers will Zamboni Enterprises choose to hire? How many zambonis will Zamboni Enterprises produce and sell? What will be the price of a zamboni? If the market for zambonis were competitive, how many zambonis would be produced? If the market for…
Please don't switch the subject to Advanced Math. For some reason whenever the subject is switched to those two. I don't receive any help it is a bug. please help me thank you.
Handwriting solution Not required...