To Dig a Trench,each Worker Needs a Shovel

question 43

Essay

To dig a trench,each worker needs a shovel.Workers can only use one shovel at a time.Workers without shovels do nothing,and shovels cannot operate on their own.What kind of production technology is this? Graphically (with isocost and isoquant lines)determine the optimal number of shovels and workers used by a firm to dig two trenches when w = r = 10.What will be the (long-run)total cost of the two trenches? What will happen if the rental rate drops to $5 while the wage remains at $10? Add the relevant lines to your graph and compute the new optimal quantity of inputs and total cost.

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Definitions:

SII

Secondary somatosensory cortex, a region of the brain involved in the processing of tactile information from the body.

Paraplegia

A condition characterized by the paralysis of the lower half of the body, often resulting from spinal cord injury or disease.

Secondary Somatosensory Cortex

A part of the cerebral cortex that processes sensory input from the body, providing information about touch, vibration, and pressure.