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A production function for a certain product is q = z(L^0.6)(K^0.3) , where z is the productivity shock, L is labour and K is capital. The marginal productivity of capital when z = 347, L= 180 and K = 204 is (correct to two decimal places)
An important way to reduce water pollution from farms is to plant a buffer zone of bushes between crops and the water. Economists estimate that for each bush planted there is a $20 gain in reduced pollution. Market supply and demand curve for the bus..
For the rest of the problem, ignore the inverse demand function stated at the beginning of the problem, and instead assume that the firm is one firm in a competitive market, Compute all of the points that satisfy the FOC for the individual firm.
National savings is equal to the sum of private savings and public savings. To make our notation a bit easier, we will call national savings S, private savings V, and public savings U. So in other words, If private savings 'V' = 0.75S and total savin..
Suppose Worthington Farms, a perfectly competitive firm is faced with the following relationship between Total Cost and the Quantity of Strawberries
Tight Money Policy is implemented by. Jack earns 60K and pays 3K in taxes; Peter earns 100K and pays 5K in taxes; then, the tax system must be: Professors are not obligated to pay taxes on markers provided to them by the college based on the followin..
Melania told her husband of Barron's stated response to a cut in allowance. "Not only is Barron smoking, but now he's lying too!", Melania IS BARRON LYING TO HI
Three system resources that affect healthcare in the US are: healthcare professionals, technology, and financing. How do these resources affect one another? What specific effects have you seen in the healthcare system as a result of changes in each o..
Describe some of the reasons why supply changes. Improved technology typically results in lower prices for most products
Property taxes in a particular district are 4% of the purchase price every year. If you just purchased a $250,000 home, what is the present value of all the future property tax payments? Assume that the house remains worth $250,000 forever, property ..
A forty-year annuity-immediate makes monthly payments. During the first year the monthly payments are $100 each. The payments within each year are level; however, the monthly payments in each of the years two through forty are 4% higher than those in..
What is cyclical unemployment? Round to 1 decimal place and no percent sign needed.
If a currency appreciates, what do we expect to happen to net exports, ceteris paribus? Explain.
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