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!
Q. A competitive firm has a production function expressed as follows. Weekly output is the square root of the minimum of the number of units of capital also the number of units of labor employed every week. Suppose that in the short run this firm must use 16 units of capital but can vary its amount of labor freely.
a. Write down a formula that express the marginal product of labor in the short run as a function of the amount of labor used. (Be careful at the boundaries.)
b. If the wage is w = $1 also the price of output is p = $4, Elucidate how much labor will the firm demand in the short run?
c. Illustrate what if w = $1 also p = $10?
d. Write down an equation for the firms short-run demand for labor as a function of w also p.
Sketch the extensive form of the game, carefully labelling the players that move and the actions they have available
Why do celebrity icons receive such widespread attention and adulation
The consumer is indifferent between B and a lottery ticket with probabilities. Construct a set of von Neumann - Morgenstern utility numbers for the four situations.
Which of the government policies below is not likely to encourage per capita economic growth.
The Australian government administers two programs that affect the market for cigarettes
Is the industry or industries in which the firm operates conducive to abnormally high rates of return.
The benefit of cutting down a forest is $1 million now. the environmental cost of that harvest is $10/year forever.
Compute how this policy affects consumer surplus, and the cost of pollution. Would you recommend this policy.
The total demand as well as for money is equal to the transactions demand as well as plus the asset demand as well as for money.
Federal Reserve lowers the required reserve ratio from 0.10 to 0.05. How does this affect the simple money multiplier.
While the population variances are unknown, we will assume they are equal.
Discuss the Social Security System, current status and future outlook. Be thorough and focus on the economic considerations. Cite at least 6 sources.
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