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Mathematical economics: Problem of A firm production function 3x1/3 y1/3, where x is amount of input 1 and y input 2. Price of output is 1 and price of input are wx and wy. Constrained is to use 1000 units of input 1. A) Explain how much of input 2 does it use? B) What is the most that it is willing to bribe an inspector to allow it to use another unit of input 1?
Assume the farmer buys insurance that pays 3$ if it doesn't rain but costs 2$. Illustrate what is their consumption when it rains.
a firm should hire a person as long as her marginal revenue product is greater than her marginal cost to the company.
Explain how the short-run Phillips curve, the long-run Phillips curve, the short-run aggregate supply curve, the long-run aggregate supply curve, and the natural rate hypothesis are all related.
In the Castorian Airline market there are only two firms. Each firm is deciding whether to offer a frequent flyer program.
Describe the benefits and risks entailed with an experimental approach to regression analysis.
Elucidate how Coldwell Banker can produce the same output at a lower total cost
Illustrate what is the efficient price of water. Illustrate what are the quantities of water allocated to agricultural also industrial use
How would I compare also contrast McDonald's strategies in China with those of Wal-Mart in Mexico.
You can suppose any single peaked preference which you want and Characterize the equilibria of the model.
GDP also consumption both rose by $8 billion in the second round, Illustrate what would have been the size of the multiplier.
Illustrate that this is an indirect or a direct rate. If the forward rate is an accurate predictor of replacement rates.
if you were asked to forecast Jan also Feb sales for next year, would you be confident of your forecast using the preceding moving averages.
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