0.3 0.

2
For the production function Q = K L and the budget 103 = 4K + 4L find the change in the optimal
employment of L after wages change by a factor of 2.0.
Please enter your response as a positive number with 1 decimal and 5/4 rounding (e.g. 1.15 = 1.2, 1.14 =
1.1).

0.3 0.3
For the production function Q = K L and the budget 127 = 3K + 5L find the NEW LEVEL in the

optimal employment of labor (L) after wages change by a factor of 1.6 while maintaining the same
level of output.
Please enter your response as a positive number with 1 decimal and 5/4 rounding (e.g. 1.15 = 1.2, 1.14 =
1.1).

0.3 0.7
For the production function Q = K L and the budget 123 = 6K + 3L find the NEW LEVEL in the

optimal employment of capital (K) after wages change by a factor of 1.1 while maintaining the same
level of output.
Please enter your response as a positive number with 1 decimal and 5/4 rounding (e.g. 1.15 = 1.2, 1.14 =
1.1).

0.2 0.6
For the production function Q = K L and the budget 144 = 3K + 2L find the NEW LEVEL of the cost
(budget) for the new optimal employment of capital (K) and labor (L) in the short run after output has
change by a factor of 1.5.
Please enter your response as a positive number with 1 decimal and 5/4 rounding (e.g. 1.15 = 1.2, 1.14 =
1.1).

0.5 0.3
For the production function Q = K L and the budget 130 = 3K + 3L find the NEW LEVEL of the cost
(budget) for the new optimal employment of capital (K) and labor (L) in the long run after output has
change by a factor of 1.5.
Please enter your response as a positive number with 1 decimal and 5/4 rounding (e.g. 1.15 = 1.2, 1.14 =
1.1).

Given a demand curve of P = 189 - 2Qd and supply of P = 3 + 4Qs, find the optimal level of production for
the firm.
Please enter your response as a positive number with 1 decimal and 5/4 rounding (e.g. 1.15 = 1.2, 1.14 =
1.1).

​
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Given a demand curve of P = 189 - 2Qd and supply of P = 3 + 4Qs, find the optimal level of production for
the firm.

Please enter your response as a positive number with 1 decimal and 5/4 rounding (e.g. 1.15 = 1.2, 1.14 =
1.1).

Given a demand curve of P = 122 - 5Qd and supply of P = 0 + 3Qs, find the PROFIT of the firm at the
optimal level of production for the firm.
Please enter your response as a positive number with 1 decimal and 5/4 rounding (e.g. 1.15 = 1.2, 1.14 =
1.1).