Find the marginal rate of technical substitution for this production function.

Consider the production functions given below: a. Suppose that the production function faced by a 30-weight ball bearing producer is given by Q = 4K^0 · 5 L^0 · 5 , where MPK = 2K^0.5 x L^0.5 and MPL = 2K^0 · 5 L^ –0.s_ Do both labor and capital display diminishing marginal products? Find the marginal rate of technical substitution for this production function. (Hint: The MRTS = MPL/MP K) Does this production function display a diminishing marginal rate of substitution? b. Suppose that the production function faced by a 40-weight ball bearing producer is given by Q = 4KL, where MP K = 4L and MP L = 4K. Do both labor and capital display diminishing marginal products? Find the marginal rate of technical substitution for this production function. Does this production function display a diminishing marginal rate of substitution? c. Compare your answers to (a) and (b). Must labor and capital display diminishing marginal products in order for the MRTS to diminish?

Complete the assignment with a discussion of what you gained from reading about these two entrepreneurs.

You have been given the assignment to read Beer School: Bottling Success at The Brooklyn Brewery. Upon completion of reading this informative book dealing with this real life rags to riches entrepreneurial….

Prepare an income statement and an owner’s equity statement for the 2 months ended December 31, 2019, and a classified balance sheet as of December 31, 2019.

Instructions Cookie Creations (Chapter 4) This assignment is a continuation of the Cookie Creations case study from Chapters 1–3. You will use the information from the previous chapters and from….

Complete Problems 5 and 6 from Chapter 16 in the textbook.

Complete Problems 5 and 6 from Chapter 16 in the textbook. Follow the text directions for Problem 5 closely. Problem 6 should be in paragraph form and answer all parts….