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!
Suppose that a firm's fixed proportion function is given by q = (min{k,l})^.5
In the short run this firm must use 16 units of capital but can vary its amount of labor freely. The firm is a price taker both in the output and input markets. Denote the price of the output by p, the price of capital by v, and the price of labor by w.
a. write the short run maximimization problem and derive the 1st order condition.
b. If the wage is w=1 and the price of output is p=4, how much labor will the firm demand in the short run?
c. In the long run the firm can choose any amount of capital. Write down the long run total cost function for this firm.
d. Compute the firms contingent demand functions for capital and labor and find the firms long term supply function.
Why, according to Keynes, is an economy in recession and why can such a recession be prolonged? Illustrate and discuss
Suppose this year Angola borrows $100 million from foreign countries while it lends $15 million. Angola definitely is a net borrower. net lender.
Assume that the price elasticity of demand is -2 for a certain firm's product. if the firm raises price so, the firm managers can expect total revenue to: A/ decrease B/ increase C/ remain constant D/ either increase or remain constant depending upon..
The demand for Dunkin Donuts glazed doughnuts will change by Illustrate what percentage also in Illustrate what direction.
When two people enter into a contract they both expect something very specific from the other, right? Does this make calculating damages, in a case of breach of contract, easy, Why or why not?
What variables to include in x. What functional form to use; should x include higher order, interaction terms of variables.
Which of the following would be a change in monetary policy? With a reserve requirement of 4% how much money would be created if the government printed $100 and gave it to banks and the banks loaned it as normal? hich of the following policies was li..
Pharmaceutical drugs have an inelastic demand, as well as computers have an elastic demand.
If the domestic price of oranges is $3.00 per pound and the world price is $2.50 per pound and if the nation allows unrestricted trade, what will be the result to consumer and producer surplus?
Illustrate what are the key determinants of Spectrum Healthcare Resources fixed cost and variable cost in short-run.
Problem 1: Shelly's preferences for consumption and leisure can be expressed asU(C, L) = (C - 200) * (L - 80). There are 168 hours in the week availableto split between work and leisure. Shelly earns $5 per hour after taxes. She alsoreceives $320 ..
In a world of completely selfish individuals, if we could measure each person's marginal value for his or her own medical care, what conditions must be met in order for the healthcare market to be at an optimal level of output?
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