micro economics

    • micro economics

      I need someone to solve this questions to me

      1. explain the concept of production function. describe the production function for computers & university education.

      2. given the economic of scale and management , why dosen`t a single firm run the entire economy ?

      3. consider a firm that produces pizza with capital & labor inputs . define & contrast diminishing returrns & decreasing returns of scale . explain why it is possible to have diminishing returns & constant returns to scale for both inputs

      40 why is the short run average cost curve a U shaped curve ?

      5. what is the differince between labor-intensive technique & capital-intensive technique ?

      thank u alot before
      wjazakm alla kyra in saa alla


    • well brother this kind of economies questions need experience and professional answers and if I start discussing it, I will not get it all points. Coz I’m not a specialist in economic . I now some of them and some solutions but they aren’t effective coz they are surface information.

      $ $

      So I hope other member more helpful for you
      By the you must write yr homework by yr own :P
      And seek about what you want from google.com and library.:P

    • THE PRODUCTION FUCNCTION

      The production function
      Each technology can be summarised by a production function.
      A production function defines the amount of output that can be produced by employing any input bundle.
      So, the production function gives output as a function of the amounts of each input employed:
      q = f(x,y
      If a firm increases its use of all inputs by some factor, and output increases by the same factor,…
      … there are constant returns to scale.
      If a firm increases its use of all inputs by some factor, and output increases by more than the same factor,…
      … there are increasing returns to scale.
      If a firm increases its use of all inputs by some factor, and output increases by less than the same factor,…
      … there are decreasing returns to scale.
      So, if a firm were to double its use of all inputs, and output also doubles,…
      … there are constant returns to scale.
      Whereas, if a firm were to double its use of all inputs, and output trebles,…
      … there are increasing returns to scale.
      And if a firm were to double its use of all inputs, and output increases by only a half,…
      … there are decreasing returns to scale.