What is will marginal productivity from studying supply

Assignment Help Microeconomics

Reference no: EM133435962

Assignment:

By studying, Will can produce a higher grade, Gw, on an upcoming economics exam. His production function depends on the number of hours he studies marginal analysis problems, A, and the number of hours he studies supply and demand problems, R. Specifically, Gw = 2.5A^(0.36)R^(0.64). His roommate David's grade production function is Gd = 2.5A^(0.25)R^(0.75).

a) What is Will's marginal productivity from studying supply and demand problems? What is David's?

b) What is Will's marginal rate of technical substitution between studying the two types of problems? What is David's?

Reference no: EM133435962

Questions Cloud

What might be some of the guiding principles : What is the difference between the goals of that organization and its purpose? What might be some of the guiding principles that guide emergent change

How can healthcare organizations use data mining : How can healthcare organizations use data mining to make customer relationship management decisions

Conduct an internet search for a current issue : Conduct an internet search for a current issue affecting HRD practices in the aviation/aerospace industries. This can come from a trade journal or newspaper

What is the political and economic history of the region : What is the political and economic history of the region, and how has that history shaped the laws and practices? What is the cultural profile

What is will marginal productivity from studying supply : What is Will's marginal productivity from studying supply and demand problems? What is David's?

Capacity to influence leaders to think outside : What is a book that, highlight (historical or fiction) that you think has the capacity to influence leaders to think outside themselves and to think broadly

What are your closest competitors doing when recruiting : What are your closest competitors doing when recruiting similar positions within their organization? (You may not find an exact match; in which case you should

What is market equilibrium maximizes social welfare : Furthermore, what is actually meant by saying that market equilibrium maximizes social welfare-- what exactly is being maximized?

Compare italy and china using hofstedes theory : Compare italy and china using hofstede's theory by providing advantages and disadvantages for each dimension for each country. please provide citations in apa 7

User Account

All Pages