In Avengers: Infinity War the character Thanos seeks to use the power of the infinity stones to eliminate half the people in the universe. If output of the universe can be modeled by y= A× F(K.L) where F(K.I) = K1/3, 2/3 with an initial K = 100, L = 100, and A = 1, then how much would output change if Thanos gets his wish? (Calculate the percent change and give your answer as a decimal. It will be negative because output will be lower.)

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If the production function describing an economy is Y= 20 KL23, then the share of income going to capital: O is about 33 percent. O depends on the state of technology. is about 67 percent. depends on the quantities of labor and capital.

Suppose the production function for widgets is given by: Q = f (K, L) = 2 ∗ KL − K2/2 − L2/2 (a)  Suppose L=5 (is fixed), derive an expression for and graph the total product of capital curve (the production function for a fixed level of labor) and the average productivity of capital curve. (b)  At what level of capital input does the average productivity reach a maximum? How many widgets are produced at this point? (c)  Again, assuming L=5, derive an expression for and graph the MPK curve. At what level of capital input does MPK =0? (d)  Does this production function exhibit constant, increasing or decreasing returns to scale?

Suppose a firm uses a single input to produce a single output according to a production function f(x) = 10√x where x is the number of units of input. The output initially sells for £120 per unit. The input costs £20 per unit. A change in the market causes the product price to increase from £120 per unit to £200 per unit, all else equal. How does this change in product price affect the firm's profit maximizing level of profits? a. Profits increase by £16,000 Ob. Profits do not change Profits increase by £8,000 d. None of the other answers is correct Profits increase by £9,000 f. Profits increase by £18,000 g. Profits increase by £50,000 h. Profits increase by £32,000 C. e.

CAN YOU ANSWER QUESTIONS 1 & 2 FOR ME? Suppose that you are the manager of a company that vaccinates human beings for biological diseases. Your company uses two inputs to produce vaccinations: physicians and laboratories.  However, this is a short-run analysis where physicians are variable but laboratories are fixed.  Suppose that each physician costs $500 per day (for an annual salary of about $175,000) and the daily cost for the laboratory is $1,500 (for rental cost of about $547,500 per year).  In the short run, your company has 1 laboratory.  The following table presents potential daily production levels with requisite input combinations.  Physicians Laboratories Vaccinations (Q) TC TFC TVC MC ATC AFC AVC 0 1 0 1500  1500  0  -  -  -  -  3 1 1 3000  1500  1500  1500  3000  1500  1500  5 1 2 4000  1500 2500 1000 2000 750 1250 6 1 3  4500  1500 3000 500 1500 500 1000…

Suppose that Flamerock Tires must decide where to produce one million tires: the US, where wages are 30 and the cost of capital is 5; or China, where wages are 5 and the cost of capital is 25. Production in each location follows the same technology (production function) given by: Q = f(L, K) = L^0.25 K^0.75 Computationally solve the cost - minimizing input levels in each location to produce the goal of 1 million tires

Question 6 ▼ Suppose a Cobb-Douglas Production function is given by the following: P(L, K) = 10L0.9 K0.1 where L is units of labor, K is units of capital, and P(L, K) is total units that can be produced with this labor/capital combination. Suppose each unit of labor costs $100 and each unit of capital costs $700. Further suppose a total of $140,000 is available to be invested in labor and capital (combined). Units of labor, L = A) How many units of labor and capital should be "purchased" to maximize production subject to your budgetary constraint? Submit Question Units of capital, K = B) What is the maximum number of units of production under the given budgetary conditions? (Round your answer to the nearest whole unit.) Max production = Question Help: Video units

Suppose you have t = 5 hours in total to spend on some projects to make some money. The table below shows how many dollars you can make (Total Revenue) in each of the three projects I, II, III if you spend the corresponding number of hours on that project: How would you allocate your time across the projects?What is the maximum total money you could make?

You produce shoes (Q) with labor (L) and capital (K). The production process is as so: Q = 400L - 20L2 + 600K – 10K2 The cost of labor is $20 and the cost of capital is $30. You have a budget of $550. How many units of capital(K) should you rent/buy? Enter as a value.