2 econ problems, economics, Microeconomics

Assignment Help:
I have the answers to these two questions, but I need to know HOW to get these answers. Thanks.

Question 1
Suppose there are two goods beverage and pizza and two inputs land, T, and labor, L. Given atb=5014, atp=971, alb=2532, alp=1964,T=5807, and L=5018. What is the amount of pizza at the point of intersection between land and labor constraints. (Answer should have two decimal places).
Answer:(1.42)

Question 2 0
Suppose there are two goods, pizza and beverage. Suppose alp=5216, atp=959, alb=2514, atb=1924, Pp=10700, and Pb=11400. What is the equilibrium wage?
Answer:(1.27)

Related Discussions:- 2 econ problems, economics

Automobile industry., Write an objective analysis paper on the economics of...

Write an objective analysis paper on the economics of outsourcing and insourcing production by businesses. Please make sure you have a thesis (a main point that you are making) and

What are the properties of cost function, What are the properties of cost f...

What are the properties of cost function? Properties of Cost Functions: Some similarities are here with consumer theory. Such similarities are actually exact while one compa

Define government surplus, Q. Define government surplus? Surplus, Gover...

Q. Define government surplus? Surplus, Government:It's a government surplus exists when a government's tax revenues surpasses its total spending (including both program spendin

Theory of firm, critically analysis firm theory of profit maximization?

critically analysis firm theory of profit maximization?

Cardinal utility, what is cardinal utility. Please give an example

what is cardinal utility. Please give an example

Demand function is homogeneous of degree zero, Demand Function is Homogeneo...

Demand Function is Homogeneous of Degree Zero: Mathematical Presentation  we will show that demand function is homogeneous of degree zero in prices and money income. In o

Determinants of private demand - regional disparity, Determinants of Privat...

Determinants of Private Demand - Regional Disparity There is imbalance in distribution of facilities. There are over 600000 villages in India. And there were over 8737 degree

Creating mobile telephone infrastructure, Creating Mobile Telephone Infrast...

Creating Mobile Telephone Infrastructure: The second concept of subsidising the telecom infrastructure required for providing services in rural and remote areas is designed to

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd