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A firm has two plants that it may use to produce its output.
The first plant's cost function is ?C1??(?Q1??) = (?Q1??)^2 and the second plant's cost function is C2(Q2) = ?Q2?? + ?21??*(?Q2??)^2
Thew has a utility function U= (xy)1/2 (where Y represents apples and X represents hot dogs), income of $20, and is deciding how to allocate that income between apples and hot dogs. Hot dogs cost $1.20 each while apples cost $1.00 each.i) Matthews u..
1. As an extra tractor lead to an increase in revenue for a farmerin successive years of £500, £4000, £3,000, £3,000 and £1,000, after which the tractor is sold for £1,000. Assuming that the first revenue is treated as current and the interest rate i..
How has the U.S. economy been doing in recent years? Why do you think that is? Gather relevant economic statistics, such as the growth rate of real GDP.
1 you are a factory owner who has just purchased a new machine for 5000. over the next year it would have cost you 1000
Which of the following commodities have been most directly influenced by government encouragement to include ethanol in gasoline?
Country C has GDP of $300 billion, investment of $70, consumption of $180 billion, taxes of $60 billion and transfers of $20 billion.
Suppose you are counting the traffic in an onramp of Pacific Motorway. Vehicles are known to arrive according to a Poisson process. Vehicles are counted in 30-second intervals. You count the number of arriving vehicles in 200 intervals, 20 of whic..
Presume the government decides to increase taxes by $20 billion to increase Social Security benefits by the same amount. How will this combined tax transfer policy affect aggregate demand at current prices?
This is a self-reflection paper developed based on the classroom discussion around minimum wage. Explain the effect minimum wage has on the economy. List and describe both the pros and cons of the more recent increases in the federal minimum wage...
Suppose that flashlights are a private good. Vlad's demand for flashlights is Q = 25 - P. What is the equation for the Social Marginal Benefit curve
Reflect on your current company. In general, has productivity increased, decreased, or remained stagnant? Explain. Using items discussed in the materials, what is your company doing throughout its operations to sustain or improve productivity?
How does the standard economic view of rationality relate to the concept of bounded rationality Which seems more realistic What does your answer imply about economic models
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