The Jabot company's production function is: Q(L, K) = L½K½ The target level of output is: Q = Qo The Jabot company's total cost function is: C(L, K) = wL + rK %3D a. Find and simplify expressions for MPL, MPK, and the marginal rate of technical substitution, MRTSKL. K MPL = &Lk's -'2 2 と MRTSKL = LM MPK = %3D IC = MRTSEL と,7 b. Write the tangency condition for a minimum of long run total cost, LTCmin. C= WL+rk %3D WK ol bns 81 bis St.0- ニ . Use the tangency condition and the cost function to solve for optimal L* and K* as functions of C*= LTCmin, W, and r.

Q: What is OPEC

A: A market is a place where the buyers and sellers will interact with each other, exchange their views…

Q: Which of the following three goods is most likely to be considered a luxury house, spade, chips

A: Luxury goods are those goods for which it quantity demanded changes more than the proportional…

Q: what the Factors that affect the demand for paid TV shows?

A: Demand: - Demand is the relationship between the quantity demanded and the price of a good. There is…

Q: explain how opportinity cost affects consumer behacvior

A: When a consumer purchases one good or service, then he/she is giving up on the chance to purchase…

Q: will the demand for online paid tv increase in the future ?

A: Pay-TV or paid TV is a subscription-based television service which means a television service that…

Q: sense 2. Calculate the price elasticity of demand for the following products and state whether…

A: For question no. 2 we need not use the mid point formula. Simply point elaticity formula is…

Q: how do you calculate equlibrium price and quantity?

A: Calculation of equilibrium price and quantity.

Q: Bob of Bob's Burgers used to charge $2.20 for a certain hamburger and sold 4000 units. When he…

A: The demand curve shows the inverse relationship between price and quantity demanded. The price is…

Q: Is it possible to make money on YouTube as a side hustle? I want to create two channels. Music beats…

A: A market is the place where a producer can offer his goods and services, and a buyer can consume…

Q: erry decides to decrease her work hours from 20 to 10. 1. What would be her marginal utility gain…

A:

Q: What is the trend of the total utility

A: Total utility refers to the overall satisfaction or usefulness that a consumer derives from…

Q: Jayden's grandmother gives him $240$⁢240 each month, which he spends on pizzas and burgers. Usually,…

A:

Q: Don't use ai i will report you answer solve it as soon as possible with proper explanation

A: In this scenario, Caroline and Emily operate a lemonade stand, and the graph labeled "D1" depicts…

Q: What is the nature of elasticity?

A: Elasticity is an economic measure of how sensitive an economic factor is in response to another…

Q: What are the two things consumers can do with income?

A: Income is the financial gain earned during a particular period of time.

Q: You have data on Meena's quantity demanded for craft beer and their income. According to this data…

A: Given  The Meena's income falls by 7%.  The change in the quantity demanded for beer is 11%.  The…

Q: Which of the following best describes why the Hours of Service Regulations were put into place? O To…

A: The driver test is important to ensure the safety of peope with having the all relevant information.…

Q: Why tY not substituted for T?

A: In this case, we have to discuss the autonomous consumption. Autonomous consumption means that we…