BJO 14 f (X₁₁X₂) = (x₁² + X₂²) = осред a) What value of p and B, IRTS, CRTS, ORTS b) If there is DRTS, Find long-run cost function c) Derive output supply function unconditional input demand function

MC Qu. 41 If the variable cost curve is a straight... If the variable cost curve is a straight line, then the marginal cost curve will be horizontal. marginal cost curve is upward sloping. Omarginal cost curve will be U-shaped. Omarginal cost curve may be U-shaped.

Could I have help or explanation on how to find the LTC min and L* and k*

(2 ex Production function is flu, X2)=min (x,, 2-x) Dwhat are the conditional factor demand of y = 10 OVA the firm faces w, and w₂ as input prices, what is the cost function?

Fill in the missing data to solve this problem. Variable Total Average MarginalInput Product Product Product4      ?       70     ----5      ?      ?     406      350      ?        ? What is the total product for 5 units of input, and what is the marginal product for 6 units of input?

Fill in the space (a) in the table below associated with the firm William Perry, Inc., that delivers refrigerators in the Chicago area, using the two inputs of labor and trucks. + O Number of Amount of Trucks Labor O Undetermined O 0 2 2 2 2 2 2 2 2 0 1 2 3 4 5 6 Total Output 0 75 (c) 380 (f) Average Product of Labor (a) (b) 100 (d) (e) 75 Marginal Product of Labor 100 50 (g) 0

Lim Bon Fing Y Hermanos Inc has offered for sale its two-storey building in thecommercial district of Cebu City. The building contains two stores on the ground floor anda number of offices on the second floor.A prospective buyer estimates that if he buys this property, he will hold it for about 10years. He estimates that the average receipts from the rental during this period to beP350,000.00 and the average expenses for all purpose in connection with its ownershipand operation (maintenance and repairs, janitorial services, insurance, etc.) to beP135,000.00. He believes that the property can be sold for a net of P2,000,000 at the endof the 10th year. If the rate of return on this type of investment is 7%, determine thecash price of this property for the buyer to recover his investment with a 7% return beforeincome taxes.ANSWER: P2,526,768.61