The owner of Mujur Café estimates that the café's revenue has grown exponentially represented by the dR function R'(t) = Cekt, where t is time (month) and k is a constant growth (note: R'(t) = or it is the dt" rate of growth of revenue function). If it is assumed that R'(0) = Rp 50,000,000 per month and R'(1) = Rp 60,000,000 per month, then

The owner of Mujur Café estimates that the café's revenue has grown exponentially represented by the dR function R'(t) = Cekt, where t is time (month) and k is a constant growth (note: R'(t) = or it is the dt" rate of growth of revenue function). If it is assumed that R'(0) = Rp 50,000,000 per month and R'(1) = Rp 60,000,000 per month, then

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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In the production function, Total factor productivity = A = 3.5% Labor input = L = 0.75 Capital input = K = 1 – 0.75 = 0.25 Therefore, Y = 3.5% - {(0.25 × 2%) + (0.75 × 2%)} = 3.5% - (0.005 + 0.015) = 0.035 – 0.02 = 0.015 = 1.5% Answer: Contribution to growth by total factor productivity is 1.5%. Does this mean that labour contributes 75 per cent of the increased output? Explain.
The production function of the company has the form: Q(x, y) = 5 x y. The price of a unit of resource X is 10 rubles, and the price of a unit of resource Y is 20 rubles. The company has funds in the amount of 40 thousand rubles. Determine the maximum possible production volume.
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Suppose the production function for widgets is given by q=kl -0.8k²-0.21² where q represents the annual quantity of widgets produced, k represents annual capital input, and I represents annual labor input. Suppose k = 10; at what level of labor input does this average productivity reach maximum? (please put your answer in numerical values with no comma or decimal place). How many widgets are produced at that point? (please put your answer in numerical values with no comma or decimal place). If k = 10, at what level of labor input does MPL = 0? Suppose capital inputs were increased to k = 20, at what level of labor input does this average productivity reach maximum? widgets are produced at that point? (please put your answer in numerical values with no comma or decimal place). If k = 20, at what level of labor input does MPL = 0? answer in numerical values with no comma or decimal place). Does the widget production function exhibit constant, increasing, or decreasing returns to scale?…
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The production function is y = (L^0.5)(C^0.5), this technology exhibits constant returns to scale. True False
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