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!
Consider two consumers with the following demand functions for a public good:
where pi is the price that i is willing to pay for quantity G.
a. What is the optimal level of the public good if the marginal cost of the public good is $25?
b. Suppose that the marginal cost of the public good is $5. What is the optimal level?
c. Suppose that the marginal cost of the public good is $40. What is the optimal level? Should the consumers make an honest statement of their demand functions?
What is the equilibrium interest rate? d. What happens to the interest rate if the money supply increases from 20 to 30? Illustrate your answer graphically. What happens to the interest rate if nominal income increases by 10%?
Derive the conditional density for y given x and the conditional log-likelihood function for y. Write out m(y; x; θ) (the negative log-density). The parameters are θ = (θ1, θ2, ..., θ7)
What idea is the speaker in the poem trying to convey?
Identify the remaining steps which Rong & Wright should include in the outline of the sampling plan. [Adapted and reprinted with permission from AICPA. Copyright © 2000 & 1985 by American Institute of Certified Public Accountants]
A. Calculate the equilibrium price and equilibrium quantity of rice for 2009. B. Calculate the elasticity of demand and elasticity of supply; what do you conclude from these answers whether these are elastic or inelastic.
industry demand curve equals Q=900-100P and the long run average cost is a constant $1.50 per unit of output. Calculate market output, price, consumer surplus, and producer surplus in a competitive market.
Suppose you inherit $10,000 and decide to use the money to start a lawn-care business. You purchase a truck and a mower for $10,000 and start mowing lawns. Your annual cost for fuel and other supplies is $2,000.
Write down the firms problem in the long-run. Note the price for capital and labor are respectively, r and w. (Normalize the price of output to be 1 so that w and r are in real terms). (b) Does this production function depict constant return to sca..
At its current level of production, a profit-maximizing firm in a competitive market receives $12.50 for each unit it produces and faces an average total cost of $10. At the market price of $12.50 per unit, the firm's marginal cost curve crosses
Assume that an entrepreneur's short-run total cost function is C=(q^3)- (10q^3)+17q+66. Determine the output level at which he maximizes profit if p=5. Compute for the output elasticity of cost at this output.
In what ways did their answers to these questions agree or disagree with those provided in major economics textbooks published today? Your essay must identify at least two "major questions" and include references to each of these economists (alth..
what is your optimal combination of coffee and cream puff?
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