You have been hired by Kia as manager for its Pakistan operations. Assume following is the short-run production function at their assembly plant outside Karachi:

**Q = 10L ^{2} – 0.5 L^{3}** where L is variable input labor, Q is output of Cars assembled

1.Find the ranges of the three stages of production.

2.Demonstrate the relationship between Total Production, Marginal Product and AverageProduct in a hypothetical graph and clearly label the three stages as per the values of Lyou observed in (a) above

** **

3.At the end of the year it is expected that output will double with purchase ofnew equipment and machinery. The production function is estimated to be

**Q = 60L ^{.30}K^{.70 }** where L is labor and K is capital.

Suppose initial L_{1} = 1 and K_{1} = 1. When inputs are in increased to L_{2} = 2 and K_{2 }= 2,

do you observe increasing, decreasing or constant returns to scale?

4.Assume Kia Head Office is considering hiring more laborers either at their Gwadarplant or alternatively at the Karachi plant. What will be your advice if workers’ marginal product is 40 at wage of Rs=5/hour in Karachi and marginal product is 28 at wage of Rs=4/hour in Gawdar?

You have been hired by Kia as manager for its Pakistan operations. Assume following is the short-run production function at their assembly plant outside Karachi:

Q = 10L2 – 0.5 L3 where L is variable input labor, Q is output of Cars assembled

c. At the end of the year it is expected that output will double with purchase of new equipment and machinery. The production function is estimated to be

Q = 60L.30K.70 where L is labor and K is capital.

Suppose initial L1 = 1 and K1 = 1. When inputs are in increased to L2 = 2 and K2 = 2,

do you observe increasing, decreasing or constant returns to scale?

d. Assume Kia Head Office is considering hiring more laborers either at their Gwadar plant or alternatively at the Karachi plant. What will be your advice if workers’ marginal product is 40 at wage of Rs=5/hour in Karachi and marginal product is 28 at wage of Rs=4/hour in Gawdar?

You have been hired by Kia as manager for its Pakistan operations. Assume following is the short-run production function at their assembly plant outside Karachi:

**Q = 10L ^{2} – 0.5 L^{3}** where L is variable input labor, Q is output of Cars assembled

a. At the end of the year it is expected that output will double with purchase ofnew equipment and machinery. The production function is estimated to be

**Q = 60L ^{.30}K^{.70 }** where L is labor and K is capital.

Suppose initial L_{1} = 1 and K_{1} = 1. When inputs are in increased to L_{2} = 2 and K_{2 }= 2,

do you observe increasing, decreasing or constant returns to scale?

b. Assume Kia Head Office is considering hiring more laborers either at their Gwadar plant or alternatively at the Karachi plant. What will be your advice if workers’ marginal product is 40 at wage of Rs=5/hour in Karachi and marginal product is 28 at wage of Rs=4/hour in Gawdar?

You have been hired by Kia as manager for its Pakistan operations. Assume following is the short-run production function at their assembly plant outside Karachi:

**Q = 10L ^{2} – 0.5 L^{3}** where L is variable input labor, Q is output of Cars assembled

a. Find the ranges of the three stages of production.

b. Demonstrate the relationship between Total Production, Marginal Product and Average Product in a hypothetical graph and clearly label the three stages as per the values of Lyou observed in (a) above

c. At the end of the year it is expected that output will double with purchase of new equipment and machinery. The production function is estimated to be

**Q = 60L ^{.30}K^{.70 }** where L is labor and K is capital.

Suppose initial L_{1} = 1 and K_{1} = 1. When inputs are in increased to L_{2} = 2 and K_{2 }= 2,

do you observe increasing, decreasing or constant returns to scale?

d. Assume Kia Head Office is considering hiring more laborers either at their Gwadar plant or alternatively at the Karachi plant. What will be your advice if workers’ marginal product is 40 at wage of Rs=5/hour in Karachi and marginal product is 28 at wage of Rs=4/hour in Gawdar?

Q = 10L^2 – 0.5L^3 where L is variable input labor, Q is output of Cars assembled

a. Find the ranges of the three stages of production.

b. Demonstrate the relationship between Total Production, Marginal Product and AverageProduct in a hypothetical graph and clearly label the three stages as per the values of Lyou observed in (a) above.

c. At the end of the year it is expected that output will double with purchase ofnew equipment and machinery. The production function is estimated to be

Q = 60L^.30K^.70 where L is labor and K is capital.

Suppose initial L1 = 1 and K1 = 1. When inputs are in increased to L2 = 2 and K2 = 2,

do you observe increasing, decreasing or constant returns to scale?

d. Assume Kia Head Office is considering hiring more laborers either at their Gwadarplant or alternatively at the Karachi plant. What will be your advice if workers’ marginal product is 40 at wage of Rs=5/hour in Karachi and marginal product is 28 at wage of Rs=4/hour in Gawdar?

**Q = 10L ^{2} – 0.5 L^{3}**

where L is variable input labor, Q is output of Cars assembled

- Find the ranges of the three stages of production.
- Demonstrate the relationship between Total Production, Marginal Product and Average Product in a hypothetical graph and clearly label the three stages as per the values of Lyou observed in (a) above
- At the end of the year it is expected that output will double with purchase ofnew equipment and machinery. The production function is estimated to be

**Q = 60L ^{.30}K^{.70 }** where L is labor and K is capital.

_{1} = 1 and K_{1} = 1. When inputs are in increased to L_{2} = 2 and K_{2 }= 2,

do you observe increasing, decreasing or constant returns to scale?

- Assume Kia Head Office is considering hiring more laborers either at their Gwadarplant or alternatively at the Karachi plant. What will be your advice if workers’ marginal product is 40 at wage of Rs=5/hour in Karachi and marginal product is 28 at wage of Rs=4/hour in Gawdar?

**Q = 10L ^{2} – 0.5 L^{3}** where L is variable input labor, Q is output of Cars assembled

- Find the ranges of the three stages of production.
- Demonstrate the relationship between Total Production, Marginal Product and AverageProduct in a hypothetical graph and clearly label the three stages as per the values of Lyou observed in (a) above
- At the end of the year it is expected that output will double with purchase ofnew equipment and machinery. The production function is estimated to be

**Q = 60L ^{.30}K^{.70 }** where L is labor and K is capital.

4. Suppose initial L_{1} = 1 and K_{1} = 1. When inputs are in increased to L_{2} = 2 and K_{2 }= 2,

do you observe increasing, decreasing or constant returns to scale?

5. Assume Kia Head Office is considering hiring more laborers either at their Gwadar plant or alternatively at the Karachi plant. What will be your advice if workers’ marginal product is 40 at wage of Rs=5/hour in Karachi and marginal product is 28 at wage of Rs=4/hour in Gawdar?

Qno1.

**Q = 10L ^{2} – 0.5 L^{3}** where L is variable input labor, Q is output of Cars assembled

Required.

a) .Find the ranges of the three stages of production.

b) .Demonstrate the relationship between Total Production, Marginal Product and AverageProduct in a hypothetical graph and clearly label the three stages as per the values of Lyou observed in (a) above **.**

** c). **At the end of the year it is expected that output will double with purchase ofnew equipment and machinery. The production function is estimated to be

**Q = 60L ^{.30}K^{.70 }** where L is labor and K is capital.

Suppose initial L

do you observe increasing, decreasing or constant returns to scale?

d). Assume Kia Head Office is considering hiring more laborers either at their Gwadarplant or alternatively at the Karachi plant. What will be your advice if workers’ marginal product is 40 at wage of Rs=5/hour in Karachi and marginal product is 28 at wage of Rs=4/hour in Gawdar?

The price is based on these factors:

Academic level

Number of pages

Urgency

Basic features

- Free title page and bibliography
- Unlimited revisions
- Plagiarism-free guarantee
- Money-back guarantee
- 24/7 support

On-demand options

- Writer’s samples
- Part-by-part delivery
- Overnight delivery
- Copies of used sources
- Expert Proofreading

Paper format

- 275 words per page
- 12 pt Arial/Times New Roman
- Double line spacing
- Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Delivering a high-quality product at a reasonable price is not enough anymore.

That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more
## Recent Comments