Explain why development of a profit-maximizing model here requires 0 < g < 1. b.

The Acme Heavy Equipment School teaches students how to drive construction machinery. The number of students that the school can educate per week is given by q ¼ 10 min(k, l) r , where k is the number of backhoes the firm rents per week, l is the number of instructors hired each week, and g is a parameter indicating the returns to scale in this production function. a. Explain why development of a profit-maximizing model here requires 0 < g < 1. b. Supposing g ¼ 0.5, calculate the firm’s total cost function and profit function. c. If v ¼ 1000, w ¼ 500, and P ¼ 600, how many students will Acme serve and what are its profits? d. If the price students are willing to pay rises to P ¼ 900, how much will profits change? e. Graph Acme’s supply curve for student slots, and show that the increase in profits calculated in part (d) can be plotted on that graph.

Calculate p(0) such that p(y) is normalised.

A PCM transmitter sends out a 12-bit serial digital signal with 5 V corresponding to a 1 and 0 V corresponding to a 0. The signal passes over a transmission….

estimate the probable number of errors if 1600 bits of information are transmitted.

Ten measurement signals are input to a multiplexer so that each one is sampled twice per second. The multiplexed signal is input to a serial digital transmitter incorporating a 10-bit….

Calculate the cost per equivalent unit of material and conversion cost for January

Calculate the cost per equivalent unit of material and conversion cost for January – using the Weighted Average Approach Units Materials Conversion Work in process January 1 2,500 50% 35%….