Which of the following diagrams shows fixed proportion isoquants? A X2 X1 X2 X1 D X2 X1 O A OB OD

Q: Mr. Diddy grows and sells Pineapple. His company is named "Do it Diddy Way!!" Suppose that to…

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

Q: mathematically derive the slope of isocost line and isoquant and interpret.

A: Answer: Isoquants are also known as equal product curves, along with an isoquant shows the same…

Q: The table below shows the production of tobacco in the US, in millions of pounds. Tobacco…

A: The average rate of changes has to find out on the basis of given data of year and production of…

Q: what are the 5 internal economics of scale ?

A:

Q: In a questionnaire, respondents are asked to mark their gender as male or Gender is an example of…

A: There are many  types of scale used depending on the nature of the data being collected and the…

Q: Draw a graph of the following function: y= e^x/(1+e^x)

A:

Q: What is technical rate of substitution? Show it graphically

A: Substitution effect: It refers to the effect under which there is reduction in the sales of goods…

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A: A marginal product is an additional unit of input employed. it can be calculated by a change in…

Q: Write economic scale note

A: Internal economies of scale occur when a corporation reduces expenses within itself, and they are…

Q: Plot the graph of the function, y = 6+2x.

A: The given equation y = 6 + 2x is the linear equation which reflects the relationship between x and…

Q: Question: What conclusions can you draw from these data?

A: We see that the trends are more or less parallel. So the prices move similarly. and has a strong…

Q: Define the strict gradient series?

A: In each analysis period, the cash flow in the arithmetic gradient series is increased or decreased…

Q: What is wrong with this graph?  a. It gives no information about the units for the variables. b.…

A: Figure illustrates the relationship between the two variables. This figure supposed to shows the…

Q: K- Refer to the information provided in the figure at right to answer the question that follows. The…

A: An isocost curve is a graph that shows the combinations of potential inputs (labor and capital) that…

Q: Question 10 Briefly explain the error. Find one error in the following picture (there may be more…

A: Profits have been negative since TC>TR, and the company is losing money. In the lower panel, this…

Q: For any given total function, the total is always larger than the average and the average is always…

A: # Total cost is given by the product of average Cost and total quantity.  AC = TC/Q And marginal…

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A: “Since you have posted multiple questions, we will provide the solution only to the first question…

Q: Give the domain and range of the quadratic function whose graph is described. Minimum = - 7 at x 1…

A: Given  The general form of a quadratic function f(x) = ax^2+bx+c.  df(x)/dx = 2ax+b   Equate it to…

Q: 2) Draw a set of isoquants if Q=2K+L. What types of goods are these?

A: Isoquant represents the different combinations of two inputs that produce constant level of output.…

Q: Marty's frozen yogurt shop sells cups of frozen yogurt in a local university town. He owns 3 frozen…

A: The firms in an economy dependent upon the industry in which they belong as well as their costs and…

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Q: State and explain the law of variable proportion with the help of schedule and graph

A: Law of Variable Proportion states that as more and more of the variable factor is combined with the…

Q: Complete the following table by deriving the marginal tax rates in the income ranges of $20,000 to…

A: Marginal tax rate and average tax rate formula can be written as follows:

Q: Demonstrate the law of diminishing yields on a graph by drawing the relationships on TP, AP and MP…

A: The Marginal Product of an input indicates that the quantity of the variable factor changes in…

Q: draw an isocost/isoquant diagram for the question.

A: The ideal input mix refers to the blend of resources a company utilizes to achieve a specific output…

Q: explain four properties of isoquants

A: Isoquants are an important measure in economics that gives an analysis of how diverse input…

Q: When there is a liquidity trap, the money demand curve is

A: Liquidity Trap:A liquidity trap is a situation in monetary economics where nominal interest rates…

Q: The pumlative aveage lahor hours to assemble the first va units of product A was 14.579 hours. If…

A:

Q: Q.10 Compute index numbers of prices from the following data taking 1981 as bas and using median as…

A: Index number gauges how the average price of domestic goods has changed relative to the base year.…

Q: Write the advantage of 'interquartile range' over 'range'

A: Interquartile range = Difference in the first quartile and third quartile. IQR = Q3 - Q1 Range is…

Q: Production function 9.= fCL)where average product of labour LAPL) and murginal product of labaur…

A: We will first understand the relationship between the MP, AP curves. The curves are constructed by…

Q: The ciange in revenueleamed by the business as it employees an additional nit of an input holding…

A: In the production process, inputs are used to produce the final output. There are different inputs…

Q: A measure calculated by taking the ratio of output to input.

A: Inputs are the resources hired for running the production process and it includes resources like…

Q: Create a table describing input combinations of labor and wheat flour in producing a certain cake.…

A: An isoquant depicts all possible combinations of elements that result in a specific outcome.

Q: The figure approximates the rate of change of the price of bacon over a 70 month period, where B(t)…

A: When B'(t) is negative that means rate of change of B(t) is negative that means B(t) decreasesWhen…

Q: Isoquant curves Gym requires exactly 3 bottles of water per athlete to maximise performance…

A: Introduction Isoquant curve : Isoquant curve represents all the inputs combinations of two…