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!
A perfectly competitive firm uses capital and labor to produce output according to the following production function:
Q= K^(1/2) L^(1/2)
a) Find the amount of capital and labor that will maximize profit.
b) Show second order conditions for the maximum.
c) Show graphically the profit maximizing level of inputs and provide an economic explanation for the equilibrium point.
d) Show mathematically that the equilibrium condition is satisfied.
e) What modifications to your model are necessary if we assume the firm is a monopoly?
Elucidate the meaning of value added and its importance in the income approach. Consider the following data for the selling price at each stage in the production of a five-pound bag of flour sold by your local grocer. Calculate the final market va..
the price to BBB-rated companies rose from 37.5 basis points in 1998 to approximately 129 basis points in 2002. This is a 244% increase in the price or spread. Explain these changes using shifts in demand and/or supply.
It is possible for a company with positive retained earnings to be unable to pay cash dividend since they may not have the cash supply.
Write down an explanation for an interrogatory senator outlining how your expansionary acts would operate and what would be the effects on the economy.
How is law of diminishing returns reflected in shape of total product curve. Illustrate what is relationship between diminishing returns and stages of production.
Give an example of an organization or business in your area that performs the "place" function, and explain why you picked this organization/business.
according to the midpoint formula, the value of price elasticity of demand for Pepsi-Cola.
Illustrate what is the (true) value of the marginal product of each black worker. Discuss the employment decision made by firms for which d = 0.2 and d = 0.8 respectively.
Compute and indicate in diagram the level of domestic consumption, domestic production and imports of commodity Y at free trade price.
Illustrate what is the condition that determines whether or not the developer should assemble the parcels.
What is the probability that more than 200 cars will require service work in a particular month? What is the probability that fewer than 175 cars will need service work in a given month?
Explain how did the invention of crack cocaine transform the urban street gang. As per the data cited in this chapter, civil rights laws and a shift in the attitudes in the United States regarding race helped to improve the status of black society..
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