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Consider the production functionQ = 4K ^ (3/4) * L ^ (1/4)a. Find the gradient of Qb. Find the Hessian of Qc. Denote the initial K = 10,000 and L = 625. Consider an increase of K by ?K and similarly an increase of L by ?L. Find the Taylor approximation for this function. f(x + ?x) = f(x) + ?x^(T) * ∇f(x) + (1/2)?x^(T) * H(x)?x + o(k ?x k2)
Are you for or against free trade? Are you for or against NAFTA? What is the economic basis for trade? Explain the underlying facts that support free trade and give an example of a good that you purchased recently that is based on resource difference..
Illustrate what are the effects of awards paid to heirs of workers judged to have been worked to death in Japan on wages
q1. how much deadweight loss does great reception causes when it restricts output and charges a price above marginal
q1. a monopolist has demand and cost curves given byqd 10000 - 20ptc 1000 10q .05q2a. find the monopolists
What can the central bank do, if anything, to counteract the short-run changes in output and prices? If the central bank does not take any policy actions, what will be the long-run impact of the electronic payments system on prices and output?
q. the performance by patrice pbp company purchased a centaur computer controlled manufacturing milling machine for
Determine tax that would in a monopolistic market producing socially efficient output. Assuming that no attempt is made to monitor or regulate pollution, which market structure yields higher social welfare. Discuss.
Show why the firm should not be charged a per-unit tax on the firms output to compensate for the pollution it discharged into a major river. Devise a game plan for responding to the questions that will be raised in the joint session of the subcomm..
Give an economics analysis of that liability standard for product-related harms.
Illustrate what risks do you face. Upon inquiry at your bank, you find that the forward price for a September contract to buy dollars is 10SKr per dollar. How might you hedge your exchange-rate risk for the first year.
Use a model of the money market to explain why changes in nominal or money GDP are associated with changes in interest rates.
1.nbspnbspnbsp load the blue spruce light up data latest file through 2013.extract and specify a model that predicts
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