bus 207 is retarded... :@


A perfectly competitive firm operates in the short-run with labor as its only variable factor. Its production function is:
Q = -L3 + 10L2 + 88L
where Q is output per week measured in tons and L is the number of workers employed. The weekly wage is $324 and the product sells for $3.24 per ton.
(a) At what weekly output is marginal cost equal to average variable cost?
(b) What is the minimum product price at which the firm will operate in the short-run?
(c) How many workers should the firm employ to maximize profits?
(d) Calculate the firm's point elasticity of demand for labor at the equilibrium in (c) above.

help anyone? i'm stuck on part A...

the formula is AVC = W / APL and MC = W / MPL

once u get those number just plug and make it equal. you'll get L = 5 and Q = 565

sorry i'm still a bit lost :/

MC = W / Marginal Product of Labour
AVC = W / Average Product of Labour

so its $324 = (324/ -L^2 + 10L +88)... solve for L then plug it into Q (you should get 565)

omfg, thanks :thumbsup:

yo u wana check over answers after im done?

yea i'm looking back at previous chapters now just to make sure i know whats going on, are you taking the class right now or did you already have it? I have Allan Matadeen :/ as Alphamale said in a earlier post, he will rape you

haha ya im taking it w/ him right now. i actually thought this course is not too too hard. its kind of like a repeat of econ 103 and math 157 :S

pm me ur msn or smthg so we can check over answers :)

i see where the MC came from (end of lecture 6), i'll add you on msn as long as you don't spam it with porn etc.

LOL just strictly 207

No one touches my car. LOLZ :rofl:

lol k pm sent

damn taking 302,buec333,410 and 342

anybody getting kind of annoyed at the kid who keeps asking questions during 301 lecture?

^Yes, his questions/comments are rather obvious, and just seems like he is trying to suck up.

So far I could only get a spot in Econ 305 -_- , and got someone to save me a spot in crim315, hopefully I can get into econ342 by camping.

anyone wanna reserve bus 336 for me? 1 seat left... ill buy them lunch lol

if it goes into waitlist, reserving a spot doesnt make a difference, cause it just goes to the 1st person on the list anyway.

but if you're taking BUS-336. TAKE IT WITH MICHAEL JOHNSON!!! this guy will make the course SO much easier. ppl in all the other 336 classes bitch about how tough the course is or how hard it is to understand the concepts, but michael johnson makes it actually enjoyable and easy to learn. he even has a game for you for one of the classes. you will never regret taking this course with him. in fact, he'll probably be one of your favorite profs.

^ ya i forgot bout the waitlist thing shit.... enrollment on 26th and classes i want have little or are closed. gona be a bad sem

i always just check constantly for spots (even late at night), cause you never know when someone will drop it. sometimes i even wait a week or two into the sem b4 i get what i want.

dont worry, there will ALWAYS be people who drop courses. a shit load of ppl just register for courses first b4 they have actually decide what they want to take or whether they're even going to school next sem. you'll get in.

that guys annoying as hell. i use to sit a few rows behind him till he got annoying as fuck. after that i moved up a few rows to avoid hearing his nasally gay voice

is anyone familiar with co-op?? If you are going to do a SELF DIRECTED WORK TERM, you need to pay the $700-800 practicum fees too? wtf??

Lol that guy was in my 290 class and he would do the same thing. Apparently he's dyslexic so maybe that has something to do with it.

2 more years till i can get out of the shithole that is called sfu

^ lol.

Anybody taking more 200 level business classes next semester?

Anyone ever taken english 199? I need a nothing writing class and nothing else seems very interesting...

^ what are you taking jtanner?

buec 232 is a guranteed for me
probably bus 237 or kin 140 if i can get in. then probably english