Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
y bar= K^2 L^.5
a. Solve the contractors problem given a general input-cost-function
b. Calculate the optimal combination of inputs.
c. Calculate the firms cost function (plug K* and L* into objective function and solve for
C(Y)).
d. What would it cost to produce Y bar= 100 ? How much labor and capital are needed assuming that w=r=$1
Now suppose that y bar=? 8K^2 L^.5 due to a technological discovery.
e. Illustrate the change on the production function in general, you don’t need numbers.
f. Solve for the new cost function.
g. Repeat part d.
Explain why excise taxes are more effective at raising tax revenues when applied to products with price inelastic demand versus ones with price elastic demand. Under what conditions would it be possible for tax revenues to decline with higher excise ..
What interpretation would you give the exponent for R? Why do you suppose R was included in the equation as a variable?
Illustrate what is each firm's equilibrium output and profit if they behave noncooperatively. Use the Cournot model. Draw the firms' reaction curves and show the equilibrium.
Elucidate the reasoning for your vote based on the four steps of risk assessment. Consider any relevant political, social, and economic aspects involved.
The book discusses the Efficient Market Hypothesis (EMH) and its three forms. The EMH has a lot to do with information and stock prices. How does information get into prices? How do we know if prices reflect all available information?
Increasing health depreciation is applicable and consistent with
What is a one invention that had good impact on the international economy and why. What were the impacts of this invention were impact good or bad.
q1. if the college puts a rent ceiling in rooms of 650 a month illustrate what is the rent and explain how many rooms
Compute the contributions to GDP of these transactions, showing that expenditure also income approaches give the same answer.
In the late eighteenth century, the price of bread in New York City was controlled, set at a predetermined price above the market price. Draw a diagram showing the effect of the policy. Did the policy act as a price ceiling or a price floor?
What is an inflationary gap? What are the implications of this gap in terms of unemployment, real output, and the price level?
operating deficit is asking should the transportation authority increase or decrease the price per ride based upon the price elasticity of demand.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd