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Suppose the production function of a price-taking firm is given by q=f(x) where f(0)=0, and f '(x)>0 and and f ''(x)0. The price of output is p and the price of the input is w. Instead of maximizing profit, the firm maximizes revenue subject to the constraint that its profit is equal to Z dollars. Set up the firm's optimization problem and plot the solution on a diagram with q on the vertical axis and x on the horizontal axis. Derive the optimality condition(s), and carry out the comparative statics with respect to p and w
the New England Journal of Medicine (NEJM), the Journal of the American Medical Association (JAMA), and Science. In one part of the study Internet reference were classified according to the top-level domain. Here are the data Top-Level Domain NEJM..
How do markets allocate resources? How do taxes affect market outcomes? How do the effects depend on whether the tax is imposed on buyers or sellers? Explain the answer with the help of graphs.
ECO 314: Energy and the Environment Derive the linear function that fits the demand data and derive the linear supply function that fits the supply data - What is the equilibrium price and quantity of electricity?
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Why math and programming (ex. Excel, R, or Python) is helpful in money banking and financial markets?
A monopolist sets price at $10 and sells 100 units. The corresponding marginal revenue is $5 and the marginal cost is $3. What recommendation regarding price and quantity would you give this monopolist? Use a graph to help explain you answer.
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What is the unemployment rate for the current month and how has it changed from previous months? Select a specific profile of a person (it could be you!). For example, specify an age, gender, marital status, education level, work status - e.g...
Illustrate the following situations using supply and demand curves for money. No graph needed only state what will happen to the supply and/ or demand curves for money and what will happen to the equilibrium interest rate.
Explain the impacts of an expansionary fiscal policy such as a tax cut on the levels GDP, Consumption, Investment, interest rate and unemployment and price.
Compute the expected stock price for each firm using the constant growth dividend discount model.
In which of the following circumstances is expansionary fiscal policy more likely to lead to a short-run increase in investment? Explain?
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