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An IT company called Zucchini has the following production function: y=16L^(1/4) K^(1/4). (A) Using the following two conditions for profit-maximizing in the long-run, show that the long-run demand functions for input labour is L=(4p/r)^(1/2) (4p/w)^(3/2)=(16p^2)/(r^(1/2) (w) ^(3/2) ) (1) p.mpL=w (2)p.mpK=r In the short-run, the level of capital is fixed at 256 units. The price of output is $10, the cost of labour is $20/unit and the cost of capital is $4/unit. (B) Find the value of short-run demand for labour (report all numbers until the second decimal). (C) Find the value of short-run profit for the firm. (D) Derive the two conditions (conditions 1 and 2) you used in part (A). [Hint: You need to show me using calculus where these two conditions come from. These two conditions are the result of maximizing profit by choosing labour and capital].
Assume the market for cough syrup is in equilibrium. Now, suppose the government imposes a price ceiling that is above the original equilibrium price. Illustrate what are the economic effects of the price ceiling?
Illustrate how do you think this would affect household spending on goods and services.
Norman Internet Service Company (NISC) is interested in selling common stock to raise capital for capacity expansion. The firm has consulted First Tulsa Company, a large underwriting firm, which believes that the stock can be sold for $50 per share.
question1 consider a macro economy that is initially at equilibrium level of real gdp. by using an aggregate demand and
Calculate the return on equity (ROE) for a sample of 20 banks for the year before the Sarbanes-Oxley Act was enacted. For the same sample of banks, calculate the ROE for the year following the enactment of the Sarbanes-Oxley Act.
Assume that an economy is characterized by the following equations: C = 100 + (2/3)(Y − T ) T = 600 G = 500. Write the numerical IS curve for the economy, expressing Y as a numerical function of G,T, and r.
If the value of M increased from 50,000 to 60,000 also nothing else changed which would equilibrium price increase or decrease. Would the equilibrium quantity increase or decrease.
The macroeconomic principles we will explore were developed by an English Economist back in the 1930s as a method for bringing Europe and the U.S. out of the Great Depression. If the economy is operating at a point less than full employment (as it is..
After years of civil war, the Republic of South Sudan must rebuild its infrastructure from scratch. Its government is eager to encourage infrastructure investment by private investors. South Sudan has achieved greater productivity for each unit of ca..
Explain what the GDP cost index is and what is its role in differentiating nominal GDP and real GDP.
If a U.S. firm purchases a foreign company located in another country, the transaction is accounted for in the balance of payments as part of:
Summarize the arguments as to why we should not worry about the very large size of recent and current Federal deficits and our National debt. Deficits naturally occur with business cycles. Deficits can be used to lower unemployment now. Deficits spen..
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