Production function

1. Consider the following production function 2qKL= a. With w = $20 and r = $40, find the cost minimizing input combination to produce 100 units of output. b. Assume w = $20 and r = $40 as in part (a) but now treat q as a variable. Derive the firm’s demand for...

Developing autonomy

(1) Developing Autonomy Erikson’s second psychosocial stage, autonomy versus shame and doubt, describes the child’s need for autonomy at a time when many developmental milestones are occurring.  Early childhood caregivers and parents can work together to...