Consider the following Cobb-Douglas production function, where α = β = 0.5:

Q = K^α L^β.

Find the equation for the isoquant when Q = 2, 000.
K =.
The marginal rate of technical substitution (MRTS) when Q = 2, 000 and L = 50 (with capital measured on the vertical axis and labor measured on the horizontal axis) is:

Needs 83,000 optical switches next year (assume same relevant range). by outsourcing them, worldsystems can use its idle facilities to manufacture another product that will contribute $ 140,000 to operating income, but none of the fixed costs will be avoidable. should worldsystems make or buy the switches? show your analysis.

1. all other things equal, according to the law of demand, when the price of a good falls, the demand for the good falls the demand for the good rises the quantity demanded of the good falls the quantity demanded of the good rises 2. when a market is in equilibrium, the quantity of the good that buyers are willing and able to buy exactly equals the quantity that sellers are willing and able to sell cannot be determined is less than the quantity that sellers are willing and able to sell is greater than the quantity that sellers are willing and able to sell 3. which of the following factors does not influence the demand for a good or service? consumer (buyer) income the price of related goods the number of sellers buyer expectations 4. when the number of sellers in a market increases, demand rises supply rises the price rises, all else equal the number of buyers falls

Individual consumers belong to which step of choosing a target market? possible customers competition demographics communication