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Consider a firm using the following long-run technology:<br/>q=f(x1,x2)=1/3ln?(x1)+1/6ln?(x2) Where output and input prices are given by the non-negative constant vector (p,w1=2,w2=1). Which of the following gives the firm's unconditional input demands (x1(p),x2(p))?
a. Demonstrate mathematically that ATC and AVC are not parallel. b. Show mathematically that when both ATC and AVC are falling, ATC falls faster than AVC, and when both are rising, AVC rises faster than ATC.
Your operations group has calculated annual production costs for plants of different sizes.
If the monetary multiplier is 4, what is the required reserve ratio? Describe how and identify by what amount the Third National Bank can create money.
Some of the U.S. troops in Japan realized that they could use dollars to buy up vast amounts of paper currency in China, ship it to Japan to be recycled into paper, and make a substantial profit. Under these circumstances, was the Chinese paper cu..
What is "though net investment can be positive, negative, or zero, it is impossible for gross investment to be less than zero".
Determine the price, income and cross price elasticity of demand and how would you characterize the demand for haddock?
Operationally, how would you measure the amount of this loss? Might firms that make cupcakes suffer a loss, too? What is the measure of their loss?
Analyze the effects of a change in money supply in an open economy under a flexible exchange value system. How are your conclusion affected by the adoption of a fixed exchange rate?
what are the three main aggregate supply factors that determine a nations potential or full-employment level of real
Taxes must be collected to pay for the purchases of surplus cheese by the usda. as a result, total surplus (producers plus consumers) is reduced by the amount the usda spent on buying surplus cheese. Using your answers for parts d, e, and f, wh..
What are conditions for a perfectly competitive market? What are conditions for a monopolistic market? What are conditions for monopolistic competitive market?
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