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A firm's production function is qi = 2Li + 10Ki. Assume both variables can be adjusted, even in the short run (for instance, making an item by hand versus using a machine to do so). a. What is the firm's cost function, if w=$15, and r = $100? b. What is the firm's cost function, if w = $25 and r = $100? c. How could we write the results of a and b above in a more general way, with w and r expressed as variables? (Hint use "min") d. Now suppose the output price is $8. If the input prices from part a are in effect, what is the profit maximizing quantity? If instead, the input prices from part b are in effect, what is the profit maximizing quantity?
q.consider a race between 2 candidates. whoever spends the most money in their campaign wins the election and gets a
Illustrate what means does it use to hedge against exchange rate risk. Using this information, illustrate what do you think would be effect of increases/decreases in dollar's exchange value on firm's profitability.
Construct a numerical example to show that the exclusion of municipal bond interest from income taxation is equivalent to a government subsidy of state and local capital spending. Explain why it costs the government (taxpayers) more to subsidize this..
q1. how did various visions of a reconstructed south fluctuate? explain how did these visions reflect the old political
q1. use this information to answer the next three questions. sam sells shavers also alvin sells after cut off. imagine
According to Global Insight, a Massachusetts economics consultancy, what will happen if oil prices remain in the range of $65 to $70 per barrel for a couple of more months?
Explain how the change in the required reserve ratio would influence the business price levels and consequently the price levels in the economy. Determine the impact the interest rate would have in relation to the copy center's borrowing decision.
There were 13,249 weddings in Springs City last year. According to state records, notaries public performed 17% of the weddings. How many weddings were not performed by notaries public?
q.the clear brook high school band is holding a car wash as a fundraiser to buy new equipment. the average time to wash
q1. suppose that disposable income consumption and saving in some country are 200 billion 150 billion and 50 billion
What are the advantages and disadvantages to a two-stage approach to negotians? Why do most negotiations for globl environmental regimes end up taking a two-stage approach?
q.a survey of households in a small town showed that in 850 of 1200 sampled households at least one member attended a
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