ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Question
4
Long Run Production
Capital
labor
Units Qty
$3,000
5
32
outputs % inputs %
change
-
change
returns to
Scale
-
$5,000
10
40
100
25
increasing
$7,500
12
90
20
125
decreasing
$8,000
13
110
8.33
22.22
decreasing
$9,000
15
125
15.38
13.636
increasing
$11,000
16
130
6.66
4
increasing
$11,700 18
320
132
12.5
1.54
increasing
300
280
260
240
220
200
edited
180
160
140
120
100
80
60
For
my long run
production I wanted
to see the different
out comes if I
my
and capital variable
After doing so!
was
able to calculate
my output & input
% change using the
formula (original-new)
original
Х
labor
cost per duvet cover
40
20
10 20 30 40 50 60 70 80 90 100 120 130 140 150 160
qty of duvet covers
(per month
100
expand button
Transcribed Image Text:4 Long Run Production Capital labor Units Qty $3,000 5 32 outputs % inputs % change - change returns to Scale - $5,000 10 40 100 25 increasing $7,500 12 90 20 125 decreasing $8,000 13 110 8.33 22.22 decreasing $9,000 15 125 15.38 13.636 increasing $11,000 16 130 6.66 4 increasing $11,700 18 320 132 12.5 1.54 increasing 300 280 260 240 220 200 edited 180 160 140 120 100 80 60 For my long run production I wanted to see the different out comes if I my and capital variable After doing so! was able to calculate my output & input % change using the formula (original-new) original Х labor cost per duvet cover 40 20 10 20 30 40 50 60 70 80 90 100 120 130 140 150 160 qty of duvet covers (per month 100
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