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!
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].
After America's latest mortgage meltdown, what checks and balances are required at the 1) Consumer Level 2) Mortgage provider level 3) Government level?
Suppose two firms supply the market for computer chips and their products are perfect substitutes. What is the one-period Cournot-Nash equilibrium output and price? What is the output of each firm if they collude to produce the monopoly output?
Robert and Janet are discussing unemployment and inflation in their country. On the basis of a recent newspaper report, Robert claims that a 5% reduction in unemployment will lead to a 2% rise in inflation. On the other hand, Janet insists that infla..
You are on a business trip from Portugal to the United States for 90 days, and you have a per diem expense account of euro 400 per day, no receipts required. This per diem is advanced to you before the trip (euro 36,000). What ethical dilemma might t..
In the summer of 1997, Thailand experienced a speculative attack on its currency (the Baht), which was under axed exchange rate regime. Unable to meet the demand for its foreign currency reserves, Thailand was forced to oat its currency. One reasons ..
The Mariner Company, a calendar year corporation, issued $1,000,000 of 5% bonds at a price generating a 4% yield. The bonds were dated January 1, 2006 and were issued that day. Compute the selling price of ONLY the bonds. What is the TOTAL amount of ..
How does one assess and determine the performance of an economy (any economy)? And more specifically, what criteria are commonly used to do so?
How large is the bias in the CPI due to not immediately incorporating new goods.
Illustrate what we didn't realize at the time was that our fixed costs were underestimated by at least 30 percent. This means that we will have to adjust our price upward by at least.
If marginal utility is declining over a period of time during which the consumption of a good is occurring, If two goods have the same price, then
In community A, there is a single beekeeper and a single garden. The bees obtain nectar from the garden but provide no relevant pollination services. The bees, however, are a nuisance to the owner of the garden. The garden owner brings a lawsuit agai..
Converse why an organization in an uncertain environment requires more horizontal relationships than one in a certain environment
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