A competitive o¨rm produces nonnegative output quantities z

Assignment Help Microeconomics

Reference no: EM13327321

A competitive O¨rm produces nonnegative output quantities z ∈ R^n of n di§erent goods, using as inputs the nonnegative quantities x ∈ R^n of the same n goods. For each good i = (1, ..., n); define yi = zi - xi as the net output of good i; and let pi be the price of good i. Hence, the net output (netput) vector is y ∈ R^n Calculate the firm's revenue and its cost. Verify that the firm's profit is given by π = p · y.

Reference no: EM13327321

Questions Cloud

What is the yield that trevor would earn by selling the bond : Trevor Price bought 10-year bonds issued by Harvest Foods five years ago for $966.60. The bonds make semiannual coupon payments at a rate of 8.4 percent. If the current price of the bonds is $1,072.79

Determine what is the current price of the preferred stock : The bank pays a quarterly dividend of $1.65 on this stock. What is the current price of this preferred stock given a required rate of return of 10.5 percent

What should the u.s. congress and the federal reserve do : What is the "current macroeconomic situation" (e.g. worrying about inflation and/or recession) in the U.S.? [2] What should the U.S. Congress and the Federal Reserve do about it?

Find the magnitude of the bloods centripetal acceleration : The aorta is a major artery, rising upward from the left ventricle of the heart and curving down to carry blood to the abdomen, find the magnitude (in m/s2) of the blood's centripetal acceleration

A competitive o¨rm produces nonnegative output quantities z : A competitive O¨rm produces nonnegative output quantities z

Determine what is the present value of the cash flow stream : A large networking company wants to incorporate your software into their systems and is offering to pay you $511,000 today, plus $511,000 at the end of each of the following six years for permission to do this.

Determine equation for aggregate planned expenditure in this : Determine equation for aggregate planned expenditure in this economy.

What is the speed of the outermost marcher : The performers in a marching band move in straight rows, maintaining constant side-to-side spacing between them. what is the speed of the outermost marcher

The six major theories of the business cycle : Discuss, illustrate and offer objective critique to the following essay question:The six major theories of the Business Cycle and the professor's view of the forces behind the business cycle.

User Account

All Pages